Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (80208)	6/28/2008 5:21:03 AM
From: Real Man	Read Replies (1) of 94695

McClellan is pretty oversold, but volatility is very far from extreme readings. Yes, this could be interesting. In a bear market things could stay oversold, though, and we should take out these January/March levels by a reasonable number of points, like 100. Not gonna be an easy ride, and heck, we could go up instead!!! -g- stockcharts.com I'd say a bounce next week, then down again? Another reasonable bottom end of July? Earnings will come out soon, and if those are not pretty, then the decline will boost volatility. They are likely not pretty. That will be the catalyst for a bigger drop. -g- Unpredictable, of course. Some big company like GE reports, and the futures tank 30 points.

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