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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (15282)3/27/1998 6:18:00 AM
From: donald sew  Read Replies (1) of 94695
 
Bill,

Not sure what you mean by "25% being a MEGA amount". If you are talking about a 25% pullback - no way. Did you misread my post - I mentioned 2.5%-5%, and that is quite reasonable for a technical pause in the market.

As for the money still coming in, well so far this week, everytime we approach the 8900-9000 range there has been sell programs pulling it back down. And I dont believe there is that much more money out there are so many believe. Yes there is money on the sidelines, no doubt.

Most are saying that a technical breather will come mid-April, well I felt that way previously, but pushed the timimg up by one week to next week. I just feel strongly that next week is the critial week for a technical pause.

Seeya
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