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 (16824)	4/18/1998 3:49:00 PM
From: bobby beara	Read Replies (1) of 94695

Carl, IMO we are in 5th wave blow-off of the 5th wave of the 5th wave. Just looking at all the shooting stars. The mania is at a fever pitch. The DOW is making a nice rising channel out of the recent lows. The MM's are chasing anything that flys to desperately catch up with the averages they are way behind. They don't need a big surprise a penny or two is fine. Look they didn't sell TXN or Intel on bad report. If you follow summation index, we are way off the July 97 peak internally showing the rally is getting narrower. MM's that aren't in the indexes are way behind. Lots of them are out of biggies like Intel and lots of chippies and all the money can't fit in Yahoo. When Dow hits 10,000 there will be a giant sucking sound as MM's start taking money off the table. Won't need a big event, just a match company to topple this Yahoo (Dell does report on May 19th and they are the last computer company that is standing). By my guestimate stock option jaded earnings are probably at 50-80x if used 87 accounting methods. Buy the dip on Monday! bwdik, bb

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