Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary R. Owens who wrote (25515)	8/28/1998 9:08:00 PM
From: bobby beara	Read Replies (4) of 94695

Hi Gary, yes we BKer's who many have been looking at this situation for a year now (or more) are a little tired of the abuse, but doubly troubled by the affect on the neighbor next door. After looking at the SPX chart a little more, I believe we will sell-off Monday morning, then have a rally back to the 200 dma which is around 1056-1060 depending on whose data you use. A VERY IMPORTANT POINT IS THAT THIS IS WHERE THE UPTRENDLINE FROM THE 1996 LOWS INTERSECTS. This is where Kahunas begin. A failure of the long term parabolic uptrend and a retrace. If in doubt go back to my posts on the transport index on the kahuna thread around mid July - same deal. I believe we will have a dramatic down move after a retest of the 200dma and the uptrendline. Be smart and be prepared. bb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next