Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Brad Bolen who wrote (27668)	9/13/1998 1:00:00 AM
From: studdog	Read Replies (1) of 94695

Brad: What you point out is worrisome to me, but what really bothers me is that in five years the S&P500, The Dow, and the NAZ have not ever gone under their 200 day moving average in any kind of meaningful way. THey are all way under it now. The SOX and RUT went under their 200 day moving average earlier this year and both have been ravaged. at best, I am looking for a test of the 200dma's. for SP500 that is about 1050, for the Dow, 8450, for the NAZ, 1740. I suspect the DOW and the Naz may not even make it that high as the S&P will get their first, hit resistance,and take the rest of the market back down with it. Karl

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