Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Monty Lenard who wrote (24032)	8/12/1998 9:00:00 AM
From: Bull RidaH	Read Replies (1) of 94695

Monty, My prediction is the improvement in the 20 day moving avg. #'s, along with the bullish convergence in the new 52 wk. lows and the McLellan Oscillator, will only be strong enough to lift the market for a couple days, then the bottom begins to fall out...(slowly or quickly, I'm not sure, as it could take a few days for the large decline to begin. But I believe Thursday's high will be a very important one, and a tremendous opportunity to liquidate remaining longs and establish short positions. Good luck, David

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