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: Kona who wrote (19810)	6/5/1998 8:50:00 AM
From: Terry Whitman	Read Replies (1) of 94695

Last evening I saw a white cat in a red cedar tree. More importantly though, I saw only 52 new highs on the NAZ and 34 on NYSE. Both dropped from the previous day (On a supposedly UP day). Not a bullish sign. Coupled with the MOT news, it should be an ugly day for the techs. I was told that an old Jewish investing rule is to wait for 5 consecutive days with new highs exceeding new lows before going long. I have followed this rule for the past few years, and verified that it indeed works (as far as confirming a bull market). You don't get in at the bottom, but you also avoid trying to catch a falling knife. Looking hard at shorting AOL today after thurs. rally. TW

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next