Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (28015)	9/16/1998 7:04:00 AM
From: robert b furman	Read Replies (2) of 94695

Hi Bill, globex trying to stage at least a modest rally this a.m. . I show vgy 20ma at approx. 395 (if vgy goes up 4 pts + - then 20 ma will begin to reverse ? Is my thinking correct. Stochastics , time segmented volume , and macd all look to be improving. Sure hope your explosive rally takes place.S&P,OEX,and many indices that show violated support levels (not very far away)could become targets that offer very little resistance if shorts must cover. Shorts covering with pent up cash on the sidelines could make BK go down in the record books as a nasty shakeout just before the blowoff top of all blowoff tops.This mother of all tops might just include a rotational leadership from the beaten down sectors i.e. oil and techs. Still think watching IBM and INTC will show the way. JMHO BWDIK Bob

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