Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: P.T.Burnem who wrote (23951)	8/11/1998 4:25:00 PM
From: Terry Whitman	Read Replies (2) of 94695

SPX held above 1060 like you said- BUT, the SPX can't carry the world on its' shoulders. To illustrate my previous post: Enter $INDU, 3 yr wkly, 200 day MA cbs.marketwatch.com Today's intraday low violated 200 dma and was lower than previous low. You would have to be a bull with blinders on to see anything positive about today's action. In the interest of neutrality though- we could see a rally of dip buying again the next day or two. Buying the dips is bound to be getting painful, so I would expect lower upside volume on the rallies as the dips go lower. Regards, TW

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