Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tide who wrote (18663)	5/18/1998 7:07:00 PM
From: bobby beara	Read Replies (1) of 94695

Tide, will be swimming in hi tide liquidity manana, don't do candlesticks or windows (MAC -g-) I'm looking at DAL on an elliot wave basis and the spike before the last big drop looks like 5 to me. That would make this sideways consolidation period wave 2 when that is done which I think will be withing the next 1-3 days, it will enter wave 3 down, wave 3's are the longest price moves. TRANS/XAL lead the market up in January out an ascending triangle and it's leading the market down (utilities ain't so hot either). This will add to the already weakening market internals. So if you can't stomach going long on this 5th wave blow-off top. DAL IMHO would be a good short candidate. I think it will float on the air of liquidity to 113-4 and that would be a good spot to short. All buy and sell decisions are your own. cheers and good TIDEings -g- bobby b

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next