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Strategies & Market Trends : Waiting for the big Kahuna

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To: Kerry Phineas who wrote (3707)8/5/1997 11:12:00 PM
From: bobby beara   of 94695
 
Kerry, tommorrows date has an ominous feel to me. 8/6/97. Dow 8000 the devil's number 6. We had a plane crash today flight number 801.

After reading the post about repealing the 1930's law, means circuit breakers are being removed. No more sanity.

The soxx index is in breakout mode. I looked at LRCX chart and it took out it's resistance convincingly. Bull trap?

If tommorrow we see a reversal in soxx, I think you got your market top. But what do I know?

I just hope it waits till the end of the day so I can exit gracefully on my long positions.

-Bob
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