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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (24974)8/23/1998 2:20:00 PM
From: Bull RidaH  Read Replies (1) of 94695
 
Don,

Thanks for the reply... That one was a keeper (printed it for the ol trading manual).

Your expectation of a few days moderate rally followed by more down seems right on to me. Looks like Favors will have his stop taken out, which really doesn't surprise me. He went against his original intentions of waiting for a rally that turns the sentiment bullish again... probably out of fear that he was about to miss the big move lower. Fear => Loss in this game.

Regards,

David

P.S. Think maybe a Wednesday Wreversal may be applicable here?
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