Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (17741)	4/30/1998 9:24:00 PM
From: bearshark	Read Replies (1) of 94695

bb: One of the most difficult times to evaluate a market is during a potential transition from one trend to another. That is where we may be now. There are apparent topping patterns in many places with some more attractive than others. Additionally, there continues to be a bias towards selling stocks. The next two days are very important. However, I believe we will start down again within the next two days. If that happens, then I will be watching for a break in the 8800 to the 8850 level in the DJI over the next few days. If that line is broken, then I would be satisfied that we are at least in a consolidation period.

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