Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: posthumousone who wrote (81876)	10/12/2008 8:23:05 PM
From: stockycd	1 Recommendation Read Replies (2) of 94695

I don't know where you live, but they ain't talking about a rally in my grocery stores. Most people are talking about not being able to retire. I was at a little league ball field all weekend talking to people...People are scared--I promise. With the VIX as high as it is, you think J6P is going long? There is a lot of "insurance" being bought last week. The job of the market will be to devour the value of the insurance and then scare them. What about record MF withdrawals? How many times have we gapped up in the last 2 weeks only to loose 500+ for the day? The rally will get sold tomorrow, the question is, how will we close? I think the "herd" will sell the gap tomorrow morning only to get their nuts handed to them in a paper sack by the end of the day.... cd

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