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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (46908)4/14/2000 7:09:00 AM
From: GROUND ZERO™  Read Replies (1) of 94695
 
Right, higher openings are not a healthy sign... we could see some kind of relief rally today, but the damage is already done... we're probably going to trade lower over the next few weeks, I think this is a top of significant proportions... the faster this decline, the more difficult it will be for the markets to recover their lost ground... the NAZ is still way over bought considering the enormity of the bubble... I think 2900 might be more appropriate... if not, then 1850 for the NAZ would seem about right... this decline will take the DOW and the SP's lower along with it..... I plan to remain short for the duration.....

GZ
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