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 (87678)	6/2/2009 6:02:56 AM
From: GROUND ZERO™	Read Replies (1) of 94695

I'm not worried... at the current time, I have these markets in an intermediate to long term buy, depending on the particular market... near term over bought indicators are not reliable in an intermediate term buy condition, although a near term oversold condition would be a good place to buy the dip... in an intermediate uptrend, near term indicators can remain overbought while the market still moves higher... although we are hitting the 200 DMA for some of the major indices... I'm expecting to see selling enter the markets at 956.57, give or take, but since the March lows these markets have only fell back for a brief while before advancing even higher... so, I expect to see the same thing happen again even if we do sell off at these levels for a time... I don't see a crash in any market, not until I get an actual sell signal, and there are none in place and none even close right now...<g> GZ

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