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 (70017)	11/8/2004 1:44:33 PM
From: Real Man	Read Replies (3) of 94695

Well, you're not dealing with a normal market (coin): The S&P is up 9 days in a row, with an increase of approximately 7%. This has only occurred 3 times this century. Twice in 1970 & once in 1992. That includes over 16,000 trading days. It's been 371 trading days since we have had a 2% decline on the S&P. Recall that 1 day in 9 used to decline by 2% or more. Possibility of this occurring by chance alone - less than zero. I agree, when this s.... hits the fan, it can get very ugly, very quickly. I think we have a broken market, supported at any cost by the desperate Fed's e-mini mega buying.

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