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 (92130)	12/30/2009 9:58:17 PM
From: robert b furman	1 Recommendation Read Replies (2) of 94695

HI GZ, as always I greatly appreciate your heads up calls on market directions. It is always risky to expose your thoughts to the weak minds that just criticize. Just want you to know that I greatly value the help. Over the years I've always thought that at times like now ,where it is almost anyone's guess as to whether it is a bounce or the beginnig of a larger decline (after a runup of size),I always look for rotation. If indexes sag as past leaders get tired and new rotational leadership doesn't break out, then we have a correction beginning. If however past leaders sag,and johnnie come lately's buy the dips,often a rounding top or weak recovery out into the future develops.It takes time to distribute huge accumulations of stock - thus the need for time and dips/sideways teases. As past leaders sag and tease AND rotational leaders break out - then that is the stuff of "BUY THE DIP OPPORTUNITIES". After a relatively weak day on Tuesday - I couldn't help noticing that the semi's recovered quite nicely throughout the day today. I'm hoping this gives us a clue and am watching the Sox index. stockcharts.com I'm thinking this could be a canary in the coal mine. Here is another one to watch - BIg Cap leaders - BIG Blue stockcharts.com As always - Thank you for your valued thoughts. Bob

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