Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (11676)	12/16/1997 6:47:00 AM
From: GROUND ZERO™	Read Replies (3) of 94695

Hi Bob, Yes, the NAZ is sitting on major support, but the question is will it hold. I think it will. It better rally smartly today or the big kahuna has truly arrived. The DOW found its support, obviously, for the day anyhow. The DOW needs a follow through rally. We'll need to open higher and keep going. Yesterday's last minute selling was pathetic. If that alleged follow through rally fails and we take out the lows of this recent selloff, I'll be shorting the next rally into resistance. That resistance area will be determined by the amount of subsequent selling we get, if we get it. I believe this may be a mute point because I suspect this level is the end of the pullback. I agree, we'll know everything within a day or two. The market appears most vulnerable at this point. It's now or it's kahuna. Thank you Bob, and Merry Christmas to you and to all your family. GZ

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