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 (87694)	6/4/2009 7:02:18 AM
From: Real Man	Read Replies (1) of 94695

I am seeing overbought markets and oversold bonds and dollar. This could work itself off as a flat line, but if it's a young bull in the markets, it's got to kick some earl riders off. Looking for a possible catalyst for a sharp down swing to scare people. A possibility is that spoos carve the right shoulder of inverse H&S bottom. Some bears are looking for a retest of the lows or a break of the lows, but I don't think it's gonna happen -g- Ditto with gold stocks - enormous profits for early bulls and some significant supply should possibly hit here from the scared bugs who didn't sell. The rally is getting late. It's not like last year when stocks were much higher and folks were hopeful. Now any significant selling will start an avalanche of nervous nellies hitting the sell button, while the shorts are pretty much gone. -g-

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