Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tommaso who wrote (14025)	2/11/1998 11:34:00 AM
From: yard_man	Read Replies (1) of 94695

Agreed, Tommaso. The TA guys seemed to have been whipsawed a lot lately. I think cash is best right now, but can't resist the temptation to play a little. New high on the DOW doesn't tell me we are necessarily going higher -- though, I know that this is important to some. I think TA can be useful in picking bottoms, but haven't had much luck in picking more than short term "local" tops. Admittedly, I'm not as well-versed in it -- I just haven't seen a number of good consistent calls on the top side -- there I'd rather stick with fundamentals. Trying to decide whether to close a CLX short. I shorted it because I wanted one that would move with the market but not entail a lot of risk to the upside.

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