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Strategies & Market Trends : Waiting for the big Kahuna

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To: HairBall who wrote (23357)8/5/1998 5:07:00 PM
From: P.Prazeres  Read Replies (2) of 94695
 
James,

<<EDIT: Can't have the Dow Industrials closing below the 200 day yet!>>

The Dow closed below the 200 day MA yesterday and right at it today.

Anyone have the new lows and new highs.

and once more:

ON ANY RALLY, GET THE fuck OUT.

This is not like any other correction of the past three years, and this is a heck of alot worse than last October...

Don't buy the dips, and don't try to short because the volatility will eat you up alive...just get into cash, sit back and wait for conditions to improve.

Paulo

PS, At the rate that the swings are going, tomorrow and Friday could be very ugly, possible setting up for an even uglier Monday.
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