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 (56577)	1/23/2002 8:26:31 PM
From: BubbaFred	Read Replies (1) of 94695

I think it meant to say the biggest drop by points and percentage started late in third quarter of 2000, and from a level lower than the peak in March 2000. It came after a 20+% recovery of the first drop from March to April. Presently the rebound from oversold condition has been weak and lazy, and although there is still chance of a rebound to the 2020 level, it will be shortlived because several indicators (MACD, stochastics, RSI) are already in negative mode and the upmove from late September never get support. Therefore, the a likely scenario is weak rally that is certain to fail and followed by a retest of the 1500. As always, BWDIK !

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