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 (87910)	6/11/2009 5:41:33 PM
From: GROUND ZERO™	Read Replies (1) of 94695

I think in normal markets this would look very much like distribution, but even a distribution pattern would have a broader range than what we've witnessed over the past two weeks... today's high came right to the near term overhead resistance (right to the very tick), and then sold off... I think the fact that this market has not sold off more than it has after hitting that resistance point tells me that this market really wants to move higher... I would consider any pull back from here to be like an athlete backing up for a running start in order to clear that high hurdle...<g> GZ

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