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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (56409)8/13/1999 1:30:00 PM
From: Cynic 2005  Read Replies (2) of 86076
 
<<It is exactly this bearishness that laid the groundwork for the spectacular rally off the recent lows imo. >>
In the 90s at least, the market always always always rallied violently after a 10% decline. A wiseman said this on monday: -g-

Monday, Aug 9 1999 9:50AM ET
To: John Pitera (who wrote)
From: Mohan

Hi John, xxxxxxxxxxxxxx To me the markets look ripe for a major fall. But not before a violent 3 day rally following a 10% correction. The violent rally will retrace about 60% of the 10% correction. That will be the time to short the heck out of the market.

Regards.

-Mohan
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