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 1:35:00 PM
From: bobby beara	Read Replies (3) of 94695

DP market continues to suck, on the left side of the peak you would have seen several days of rally off a deeply oversold condition like this. What we just had was a fifth wave rally with all the characteristics - narrow breadth & heavy speculation, vertical spike in a short period especially the ndx. We need a lower base to rally from, people still heavily buying calls on this drop over the last week, complacency - no fear, we need a fear washout to rally from and when we get that point we will have taken out some significant supports. wannabeee

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