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Strategies & Market Trends : Waiting for the big Kahuna
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To: ratan lal who wrote (17519)4/28/1998 1:13:00 PM
From: Bull RidaH  Read Replies (3) of 94695
 
Ratan,

Spikes are very common right before a large change of direction, but not guaranteed. So many traders are selling this rally as evidenced by the Put/Call activity index) you have to wonder if the locals and scalpers would want to try to run it up and give an even better short entry point. Remember, we already had a spike up today....ON THE OPEN!! 10 S&P points!!

David
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