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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (64388)6/12/2003 11:07:05 AM
From: Terry Whitman  Read Replies (2) of 94695
 
I thought this was a pretty good explanation-

>Bull Market Stages & My Beef Against Contrarian Sentiment:<
Message 19025169

Bears will be an endangered species soon. We're about to enter the Overbought region on weekly Relative Strength (RSI). This is where you usually see the steepest gains and a blow off top (or two). The next 4-12 weeks could see some mind numbing gains and sharp whipsaws before we enter the late summer/fall selling season.
stockcharts.com[l,a]waclyyay[de][pb7!b25][vc60][iUa12,26,9!Lb14]&pref=G

I can see it already. We'll get a sharp pullback, maybe even a test of the 200 day moving avg.,and da bears will all be out screaming about how this is a repeat of 2000 and such. Then we'll go even higher..
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