Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (44016)	10/17/1999 5:15:00 AM
From: wanmore	Read Replies (5) of 94695

GZ, I suggest you just go back and read the posts from last Sept/Oct. The day we had our lowest close on Friday 8/31 was the very day people started saying the "big one" was only just starting. Many, many people buying puts that day and during the rally on Monday 9/1. The DOW and S*P are starting to look ALOT like last year. Lots of new posters started coming on the thread right at the lows. The past usually repeats itself and I think this may be no exception. I'm not saying this is the bottom yet but, I would say we'll see 11,300 again before we see 8700 again. There are just TOO many bears and too much cash waiting for what they feel is the bottom. I'd say most of them see 10000 or 9500 or anywhere close to it an incredible buying opportunity. Read this: Message 5637093 and tell me who was right, the ones that were short or the ones that were long. I agree that this market is overvalued, out of control, and a possible hazard to the U.S. economy if a crash occured that brought about justifiable stock prices. That does not change the fact that there is a safety net sitting here (of cash) waiting for this very occasion. This isn't the big one...not yet. You were one of the few posters that were calling the good shots back then so I suspect you may have this same feeling now. I seem to see alot of new posters this weekend. If I pull up my bookmarks one day next week and see 90 posts under this thread, I will be a buyer for sure. I'm still reading last years posts (during pivotal periods in the indexes) but I'd say the volume and amount of new posters on this thread would be a great contrarian indicator from what I've read so far.

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