Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (77863)	11/27/2007 8:22:14 PM
From: GROUND ZERO™	Read Replies (3) of 94695

There's definitely lots of indecision in the markets now, although that is typical of a top or bottom... I think even if we see another rally from here, it won't hold until these recent lows have been tested at least once more, something like a big spike down of several hundred DOW points with an amazing recovery late in the afternoon closing in the green... until that happens, I think just another day or two higher is all the market might see, this only means I'll get stopped out several more times, but one time I'll catch the top and ride the slide...<g> Futures are now 3 under cash, the fair value is 3 over cash, so if the markets opened right now the SP cash would move lower by 6 points... of course, this is now and anything can change overnight and probably will...<g> GZ

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