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 (70767)	5/2/2005 8:18:02 PM
From: Real Man	Read Replies (1) of 94695

You forgot the "plunge" option. I think the probability of that is also quite high -g- We are slightly below resistance (downtrend line) now for DOW, NAS, and SP, and are now overbought on ST charts, and no longer oversold on the daily charts. Until the trend line resistance is broken on this move up, I'm staying bearish, even intermediate term bearish. The trend is your friend. -g- If it gets broken tomorrow, the intermediate term trend is turning up, and shorts should be covered. Somehow I think there will be a war between bulls and bears over this one.

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