Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (15799)	4/8/1998 2:56:00 PM
From: Joan Osland Graffius	Read Replies (2) of 94695

Hi Carl, I do not consider myself an expert in TA, but the tools I use say we are close to big trouble. This market has been trading below any expected trend that should be up even if slightly. It is my opinion if we break 1100 on the S&P this is a "red-red" flag and if we break 1095 or so we should see a violent sell off. In my analysis a rally to 1124 will not reverse this current trend which is down. In my opinion we need to take out the old high to reverse the current down side risk. Unfortunately I am not an expert and can not see in the future.<ggg> Joan

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