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 (19038)	5/25/1998 9:48:00 PM
From: donald sew	Read Replies (1) of 94695

Bobby, >>>>>>>>>>>>>>>>>>> 80% sure we will hit 1065 s&p within the next ten days. 50% sure we will hit 1000 s&p within three weeks. we've had blow-off climaxes in all the high flyers, time for the bull party to end and the hibernating bears to get some chow. <<<<<<<<<<<<<<<<<<<<< As of this this point there is some indication of a strong drop as you mention. For the short-term, I am noticing the probability of the TUE/WED being down with the DOW approaching 8950-9000 range and then bouncing up THUR/FRIDAY, but not strongly (maybe back to the 9100-9200 range). I still mainly see the trading range of 8750-9300, but some hints that the 8750 support may not hold. The TRIANGLES are making it quite hard to predict the market. seeya.

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