Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (25174)	8/25/1998 9:38:00 PM
From: Monty Lenard	Read Replies (2) of 94695

but if we gap down in the morning Jim, don't know about the gap down(you may be right just can't tell) but I believe we will get to test some lows again. Looking at the charts we got shooting stars on the NASD, Transports, Dow, SPX, etc. Also, got 2 inside up days which is not good. If my memory serves me correct all the upside was real early and very quick. I think it was short city after that and the rally toward the close was probably people seeing the gapup getting filled and covering their shorts. (While I don't think the DOW & SPX gapped up, they ran too hard and too fast at the open- but I bet some tried to buy it and ended up getting in at the top). I know if I had shorted it I would have covered a little before that gap got filled. BWDIK Just speculation, nothing at all to base it on. Monty

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