Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (23281)	8/5/1998 8:32:00 AM
From: Philipp	Read Replies (1) of 94695

Futures look pretty neutral right now; Asian action was not too bad. I expect a small pop at the opening turning over quickly to test 200 DMA levels (around 8400 Dow, 1060 SPX?). But at that point I would expect a strong rebound, in particular since this also qualifies as one of those "10 % corrections that are so healthy for a bull market". Strong rally for the rest of today and at least till tomorrow (+ 40 SPX?). It will end when the big players that have pushed the sell button will start to sell again. I hope that it will be obvious to you TAs. Good trading to all. Phil P.S.: Futures somewhat up now, but I don't put too much weight to those.

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