Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Gary105 who wrote (48032)	7/17/2000 3:02:18 AM
From: Death Sphincter	Read Replies (3) of 94695

I hope it starts toward those levels later this week. You know from earlier talks that I wanted to see that 1300-1325 area before a possible push to 1625....that was June and I felt that it needed to happen before the earnings hoopla started or else we would have to wait. Back then the NAZ was approaching the 3700 area but didn't reverse...so that made a run to 4000 look good. So it has held into earnings season and we now have the rah-rah cheerleading....but I still want to see a return to sub 1400 S&P....I still want to see a 'psyche out' move with the Bear Music playing loudly...we really didn't here them playing that tune back in May, it was a 40% NAZ drop yawner ..."ho-hum, 40% so what? look at all the bargains" Well, anyhow thats the "read" I've been following and waiting for....that being one more stiff one down and THEN the move up to 1600+......and THEN another stiff one down to 1200 land. could be that I waited too long, but we shall see shortly Carl

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