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 (24523)	8/18/1998 4:15:00 PM
From: Kip518	Read Replies (1) of 94695

David, are you & this fellow on the same page? Posted today. Near term we would still look for lower prices with a possibility of 8150 near term. This is a target that many are looking for so the Dow Industrials may not get that low. After testing lows in the next 3 to 6 days we would expect the market to stage a rally back to the gap area in the 8800 range. The gap in combination with the balance of the intermediate corrective wave should put a temporary top on the market at this level. Here the market should stall and then start lower for a test of the lows. kondratyev.com

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