Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Mark Nelson who wrote (7681)	10/27/1997 1:03:00 PM
From: Defrocked	Read Replies (1) of 94695

I respectively disagree.Today -350 pts. is still possible. If not today another day soon. From my perspective this is how bear markets trade. Bulls try to buy dips and get burned again and again. Actually many days of -150 DJIA pts. is like water torture. I hope not many SI threaders, on margin and trying to time the bottom , get hurt too badly. Here's a -350 pts. scenario: DJIA trades to -250 pts, rallys briefly again, then trades to -300 pts....from there its a race to sell before the first market halt. I dont' like the scenario but its definitely possible. Keep your eye on grains today. Speculative bids may be removed and whole complex trades lower. May further imply deflationary impulse and/or hot money pulling back due to heightened risk considerations. Be cautious everyone.

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