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: Joseph G. who wrote (29170)	9/28/1998 12:17:00 AM
From: Jay8088	Read Replies (2) of 94695

CRASH ALERT !! CRASH ALERT!! OK, Japan is up 2.5% overnight and Hang Sang is up 3.2 %. GLOBEX S&P500 is trading up 600 basis point. What is a likelihood of strong down day Monday ahead of Fed fund cut???? Hmmmm.... ( A snow ball's chance in ...?) Yet my Elliott wave reading indicates that the Wave 3 down has started on last Thursday morning and we should breach 7400 support within this week. Comparing with 1929, this wave three should be 'the crash' wave. If I am right, next 2 weeks should see tremendous volatility as DJIA declines anywhere between 20-40% and our financial system comes apart. So I am issuing first ever crash alert. We will see whether I have an egg on my face soon - Monday the earliest and certainly by late this week. But there it is, my personal crash alert. Best Wishes, everyone. CAVIAR: I am frequently wrong on short term projections and the market does seemed to have a mind of its own. I am currently shorting internet mania stocks like AMZN, YHOO and AOL and being taken to the cleaners. So take this forecast with plenty of skepticism.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next