Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Investor2 who wrote (15698)	4/8/1998 6:58:00 AM
From: Bull RidaH	Read Replies (2) of 94695

Investor 2, My work shows that from the lows of next week, we will see the market rally 85 to 90 S&P points (690 to 720 Dow) in the subsequent 2 to 3 weeks. After this rally, which I don't believe will be to new highs, We shoud see prices level out in a sideways trading range that will be corrective in nature, with some good swings to trade. Will expect 1000 to hold on the lower end and 1100 on the upper. After this consolidations period, we should begin the next set of impulse waves higher that will take the Dow past 10000 in the next 6 to 9 months. I'll update this scenario as it unfolds. But, no, don't see any corrective action in the next year that will last more than 1 month, with this particular downstroke we're in probably the most impressive/severe. Regards, David

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