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Strategies & Market Trends : Waiting for the big Kahuna

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To: Cynic 2005 who wrote (9973)11/18/1997 1:18:00 PM
From: GROUND ZERO™  Read Replies (2) of 94695
 
Mohan,

I didn't say there will be plenty of time left, I said there will be plenty of room left. By 'room' I mean plenty of downside to go. I agree with you that the break will be swift and violent. My entry point will be any close below 7400. I agree one should move quickly at that time. And, again, there will be plenty of room to go before any meaningful bottom is reached. I would expect it to hesitate some and chop around while moving closer to 6900. After it closes below 6900, we should likely see several days of 500 point moves.

GZ
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