Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Lazarus_Long who wrote (12789)	1/8/1998 4:26:00 PM
From: GROUND ZERO™	Read Replies (3) of 94695

TO ALL: *An All Points Bulletin(-...-) If the DOW closes below 7700 tomorrow, we will have an outside reversal week.* This is construed as the kiss of death for any market. But, that is a very big if, because those reversals on a weekly chart are indeed rare, however highly reliable. Just watch out for it tomorrow. The odds are that it won't happen because life is not that simple. If it did happen, it would be the easiest short sale of the decade. Of course, this is just my opinion, but should this pattern develop, I'll be shorting next week's rally with a vengeance. Just watch for it. Happy trading. GZ

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