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 (11439)	12/12/1997 8:49:00 PM
From: bearshark	Read Replies (2) of 94695

Hi GZ: I know. I chart to identify stocks and indices in bear markets. So far, I have found industries and stocks with bear market charts. These industries and stocks are acting exactly as they should in a bear market. I have not charted the NASDAQ yet but I bet when I do that tomorrow I will see a bear market chart for it. I have not seen a bear market in the DJI yet. I estimate that I need a break below about 7100 or so now for that. I have that chart to do this weekend also. I have not charted the S&P yet. There are enough bear markets in stocks and industries now to make me believe it is only a matter of time for the DJI and the S&P. What bothers me though is that this is different. The Fed is not raising rates. We are being affected by SEA. I guess it is just something different that we have to accept.

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