Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (15983)	4/10/1998 1:12:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) of 94695

When I posted the alternate scenario at 3:42pm eastern the market was selling off nicely, and all short positions entered after 12pm eastern were profitable. Within 10 minutes of the posting, the market rallied nearly 4 points in a straight up fashion. Now I'm not gonna flatter the Kahuna thread by saying there was a direct correlation, but when that harsh rally began at 3:43pm and pinned the S&P fut. back above 1119 for nearly the rest of the day, without letting the progression of down waves that had begun finish, I begin to wonder if my concern was not based in a small degree of reality. Maybe someone else can give another rational explanation, I dunno. I think this is coincidence david... The S&P futures pit is a madhouse...... buy/sell programs can cause havoc... it can turn on a dime....a la last Monday...remember how sharply it turned starting right before the close

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