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 (22663)	7/29/1998 4:57:00 PM
From: Terry Whitman	Read Replies (2) of 94695

I was re-reading my Granville Market Strategy book yesterday about great selling opportunities. He had, if I recall correctly, 6 major signs for determining a historically significant selling opportunity (End of a long bull run). The only one that we haven't yet met is the DJI falling through the 200 dma. I noticed that the Transports have fallen thru already though. The DJI is the clincher- start selling with both fists when that happens. Look for high priced stocks with low grade fundamentals to short (YHOO looks like the perfect candidate), along with most of the other internuts. Too much bearish talk right now though- gonna be a rally soon to sell into. When the talking heads start pounding the table about buying the dip- the rally takes off, then stalls, that's when I'll be shorting hard.

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