Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (48442)	9/15/2000 12:55:53 PM
From: PMG	Read Replies (1) of 94695

I'd say before we get below 3477 (NDX) and make a lower low, we are still in an up trend. If this trend is for real, we won't break 3477. If it touches 3477, it will bounce at least a hundred points, which would be 3577. So there's a downside of 130 points from the actual 3700. If you stay 50% cash, you can use the bounce from 3477 to 3577 to make up 100 points of your loss of the theoretical 130 points downside. If you are really prudent, stay 60% cash. Then you have no downside anymore. So what we have here is a clear cut case of a nice buying oppertunity... Regards PMG

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