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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (45688)1/21/2000 8:40:00 PM
From: Lucretius  Read Replies (1) of 94695
 
we'll see.. bobby.. somebody has to buy before the floor falls out... my guess is the fun begins next week....

as for the top.. look around.... we've spent two months up here. double tops on NDX, OEX, SPX, etc.. GE, HD, WMT, MSFT etc have "collpase" tatooed on their chests. CYC has gone into a crashwave.... a/d line has reversed off of a downtrend support line that has been support on every previous plung atttempt since 1997 indicating a SIGNIFICANT failure...

small caps are the only things hitting new highs ie- the speculators can't move th ebig boys anymore so they're getting their fix on BB stocks and pink sheets....

look around, for many stocks... tops have been forming for some time...
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