Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (8896)	11/2/1997 8:12:00 AM
From: bearshark	Read Replies (1) of 94695

Bill. To add to your scenario. This is based on gut feeling and little analysis. I am waiting for a clean drop through 7,000 to confirm that we are in a bear market. 6,500 or 6,700 on the Dow would confirm that. If this happens, the end of November or early December would be a nice time for the end of the first leg down of the bear market. Mid to late December would be a nice time for the first rally in a bear market. That rally would take us to about 7,700 or so. Then a subsequent drop down below this November or December low would occur in the Spring. And so on . . . If we do not get that clean drop through 7,000 . . . . However, if the bear is confirmed here, I believe we are in for the "Mother" of all bear markets.

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