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 (26456)	9/4/1998 11:24:00 AM
From: Arik T.G.	Read Replies (2) of 94695

David, A thorough read, thanks. Yesterday's second half of trading has confused my short term reading. Maybe you're right, and a failed rally Tue morning will ignite the crash. But I still expect the market to drop today. The individual stocks chart look just too ugly to hold. IMO it'll reach OEX 488 at the most today, before turning ugly. I'm confident that if we fall below 475 today, it will cause a melt down starting at 14:30. But I'm not as confident as I was before yesterday's rally at 15:20. My scenario called for at least 2% down yesterday, but a 5% down today will make up for it ;-) ATG

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