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 (44871)	11/30/1999 8:50:00 AM
From: wanmore	Read Replies (2) of 94695

GZ Short on what? I still say the NAZ is a buy but the DOW and S&P I dunno. I realize that the NAZ can't keep going forever without the DOW and S&P but I try to just read the charts independently. S&P could be in a sideways correction or it could be a double top. THe DOW has been struggling to get through this massive area of resistance of 10,350 to 11,300 and I can't tell for sure who's winning....buyers or sellers. I think the NAZ is headed higher today for sure but I am staying on the side until I see the close today and re-evaluate it tonight. I have loosened up stops on my NASDAQ listed stocks today because it seems that the corrections on the NAZ are now intra-day corrections and not ones that last for days or weeks....and we are due for one today.

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