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 (24888)	8/22/1998 11:40:00 AM
From: Vitas	Read Replies (3) of 94695

Hi David, As you are probably aware, every bear and their grandmother is counting the 55 calendar days from the July 17th peak and looking for the big crash, or a crash, or whatever. Although this possibility should not be dismissed, and we should tread lightly during this time frame, I can't see any instance in the past where the second shoulder peak topped when the summation was already bear market oversold, at -2000. Usually the summation is at least zero and more like a 1000 or more. Please see if you can spot any instances. The thought occurs to me that Favors, a widely publicized and frequent CNBC commentator, may turn out to be the Granville of the early 80's. Favors' stops have been "fished" and reversed quite a number of times since April. Vitas

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