Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: $Mogul who wrote (78898)	1/22/2008 1:39:36 PM
From: Real Man	Read Replies (1) of 94695

If we fail to rally hard on this Fed action, we may get to 2002 lows in a matter of days, not weeks. Follow the ABX indexes. The dow could drop a whole lot lower than 2002 lows. FWIW, I believe those will be taken out. For an orderly decline, we need a rally. These ponzi markets breathed the Fed, rallied on the Fed, and trusted the Fed for a few decades. If "the Fed is helpless" psychology takes hold, things will get extremely ugly.

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