Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (47297)	5/3/2000 6:54:00 PM
From: Bull RidaH	Read Replies (3) of 94695

Morty, Looks like they were gunning the long stops under the SP0M 4/24 lows . The NAZ already did a nice double bottom off the crash lows, with the first bottom marked by a bullish engulfing on 4/17, and a hammer on 4/24, so it didn't need to do that much more downside damage. The S&P, however, did not come close to the crash lows, and thus needed to take out the 4/24 lows to sufficiently punish the naive glueheads, and break the backs of the leveraged incalcitrant long S&P & OEX speculators. A higher close tomorrow that takes out today's 1447 SPOM & 3635 ND0M high will be hard confirmation that a multiweek rally has begun. In fact, intraday prints above those numbers will be strong enough confirmation for me... (This due to a cycle sell signal at today's high, which if broken, produces a inverted buy signal. No more cycle sells due for a while, but major buys on the horizon.) ND0M real time 3590 afterhours. I'm so Glued-Up right now! <g> Blowonme

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