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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: IceShark who wrote (83992)1/24/2000 2:25:00 PM
From: Cynic 2005  Read Replies (1) of 86076
 
Two concepts:
a. At the very top, there shall be extremely high volume and little movement (relative to recent past) in price. This phenomenon will not be noticed by all and hence the ensuing decline will occur in a few weeks in a smooth and orderly fashion.

b. At the very top, there shall be extremely high volume and little movement (relative to recent past) in price. This phenomenon will be noticed by all and hence the ensuing decline will be sudden and swift resulting in a massacre.

Friday's volume on DUNG ~ 2bil and it went up only 35. Today we are running at another 2bil clip. Perhaps this is it for DUNG. If so, pick a) or b) as a likely scenario.

Based on what I see on Friday and today, I think b0 is currently unfolding. One of these days I have to be right. -ng-

EDIT: When I began typing this note, DOW was down 80 and DUNG just turned red. Now at 2:27 PM they are down 140 and 35, respectively. I still think that Intel will clow in the low 90s today. -ng-
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