Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Joan Osland Graffius who wrote (12921)	1/10/1998 6:40:00 AM
From: GROUND ZERO™	Read Replies (1) of 94695

Hi Joan, My indicators don't really predict, they just point in the direction the market is going. Clearly, the market is going lower from here. Oh, we may have a rally or two, but the DOW will need to test the October lows, and I expect the test to fail. But, the world has not ended. Down below the October lows, there will be buying opportunities abound. The outside reversal week is nothing to fool around with. This pattern is everywhere. The problem is systemic throughout the body of U.S. equities, much like an infection, the Asian flu. After the October lows are violated, we ought to get a decent rally. How far? We'll see at that time. GZ

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