Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Gersh Avery who wrote (53516)	7/29/2001 1:41:38 PM
From: blitzfund	Read Replies (1) of 94695

Hey Gersh, Right back were we started from. I would like to propose a blue line for your chart, we can call it the blue plate line, to hold the red and black forks. LOL Let's start the line at the intraday low on the SPX on 4/17/01 (1,168.90) and extend in through the low on 7/14/01 (1,165.54). I would like to use 4/17/01 as a starting point because as we all know this is the day before the Fed gave a surprise rate cut, and I find it very interesting that we have gone full circle. I think that if we break this plate the market could cut through both the black and red fork like butter. BWDIK Blitz P.S. If we break the blue plate line I would like to introduce my (DEF Theory) again aka Dumb Earnings Forecast Theory. It goes like this. The S&P 500 will then drop to these levels in the coming months. D.1050 E.950 F.625 Since it is my believe that the entire market is still approximately 50% overvalued. BWDIK again:)

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