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 (48525)	9/20/2000 5:02:49 AM
From: GROUND ZERO™	Read Replies (1) of 94695

Thanks Gary...<g> I don't know what the NAZ will do now... the rally was clear enough to see since the NAZ was sitting just below the trend line and I didn't think it would break the trend line and continue lower without a bounce from this oversold condition... at this point it could keep moving higher or fall back again... my stop is now just above break even and I plan to let the market move where it will... if I get stopped out, then I'll still make a few bucks... and if it continues to rally, then I'll make a few more bucks..... I'm still fearful that this rally was only a one day affair and that we will quickly break that trend line... the only caveat on taking a bearish stance at this point is that all the three major averages are sitting at their trend lines, the DOW finally reached its trend line yesterday and formed a nice chart pattern with a narrow daily trading range and closing minimally lower..... at this very moment, the DOW futures contract is up and the SP's and the NAZ futures are lower... so, I guess you could say at the moment I'm hopeful.....<g> GZ

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