Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: victor pan who wrote (26553)	9/4/1998 6:39:00 PM
From: Monty Lenard	Read Replies (1) of 94695

Victor, It is one of the stronger candlestick patterns IMHO and will definitely confirm Tuesday. For how long I can not tell you nor can anyone else. Two things will cause it not to happen: 1) Bad news.. which I have no control over but can watch 2) I would not play if it gapped up big on the open. If it will open flat or down (as long as the DOWN is not a result of terrible news) I will buy the DIA on this pattern. The problem with waiting on confirmation(a long white candle to occur) is that this market could turn the next day after the long white candle. BWDIK Monty

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