Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (44595)	11/17/1999 8:48:00 AM
From: wanmore	Read Replies (1) of 94695

You dad was right. That is why a nice tight stop is in order, now that all the fuss about interest rates is over. I don't want to be short here.....I don't want to be long here either, but when it's moving up you need to be long to make money. The S&P and the DOW could become double tops here, but that's not the highest probability. The NASDAQ could be preforming the 'ol "blow off " top, but that's not the highest probability. Go with the highest probability and be ready to correct yourself fast if you find out you're wrong. I expect that we will take a bit of a break for a couple days since the news is now out. It is just going to be some time to collect a few more bears to steam this market higher, IMHO. I expect to be stopped out of a few positions. I will take these funds and put them right back in something that is still outperforming. With a stop right under the last significant low (I try to find something where my max loss will be under 5% - 10% since my targets are usually 25% - 35% gains)

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