Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (52113)	6/10/2001 1:00:34 PM
From: robert b furman	Read Replies (1) of 94695

Hi Bill, I'm keeping a close eye on the Naz. Many people are thinking we're in for a correction back down to 2000.Don't get me wrong that certainly is a possibility. I'm thinking the little rally up to May has rocked some of the shorts confidence. As long as the NAZ holds it 40 dsma (which it bounced nicely off of on 5/30&31) ,I'm thinking there will be some substantial (under the horizon) covering of positions. It has been a wild ride down and now is the time for the shorts to be locking in their huge gains. This should be a very quiet force of strength that I think will buoy stocks during the next 30 days of warnings. The 40 day sma on the NAZ for monday is 2045.061. I'm watching that closely. BWDIK Bob

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