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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (42611)8/2/1999 8:54:00 PM
From: RJL  Read Replies (1) of 94695
 
I was doubting at the time that the rally would 'hold' it's strength. Volume was crap, and a slightly weak NAPM number didn't have enough credibility to sustain a decent rally. Even if a bounce was in the works, it just didn't feel right.

With the nets take on so much water early on, it seemed pretty obvious that they were about to crack downwards, and take the rest of the Nasdaq down with it. IMO

Still looking for a disaster over the next couple of weeks. Especially if that employment number is rough on Friday.

Cheers,

Rich
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