Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: J.T. who wrote (3449)	8/2/1997 12:45:00 AM
From: bobby beara	of 94695

JT, I've been deeply mulling this situation over. As of now we have 220 bulls and 71 bears on the survey. I think this is too many bears for a top. I think the ratio should be more like 10-1, not 3-1. Remember IQBAL said this felt to him like Nikkei at 32,000. I have other ideas that may substantiate this and will discuss later. Do you think God would make it so easy for everyone to make the pattern match 29'. He will be chuckling ho ho ho. I think we will have a rolling correction this week bouncing off 7800 or 8050 support and 8300 resistance. Bond topped mid week and came back down. I expect a repeat next week to make a double top, and maybe the week after that for a triple top. Look for another see-saw week, where futures traders can roll in the cash. We need TT to train our motley b**ts in futures. Did you look at Soxx, it look liked it broke out of resistance, what do you think? Bobby beara, it ain't over till Steve Jobs sings

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