Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (22822)	7/31/1998 9:25:00 AM
From: donald sew	Read Replies (1) of 94695

David, >>>>> P.S. I think a buy on market open today will provide excellent results for the next week. <<<<<<< I noticed that you are calling for a surge for next week. The YEN is testing its high, outflows of funds continuing, market internals are bad and not showing signs of significant improvement. Also the interest rates are in an up-trend, although it would take awhile to pierce 6% if it maintains this pace so it may not be a short-term factor for next week. This is a volitile market and anything can happen and we could zoom to the upside, but the probability is higher to the downside. Besides your E-Wave analysis, is there any other technical reasons you believe that we will shoot upwards. I am aware that there is a reverse head and shoulder chart formation but that would be negated if we dont set new highs shortly. Seeya

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