Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (30145)	10/5/1998 12:41:00 AM
From: Bull RidaH	Read Replies (2) of 94695

Vitas, <<in order to have a "crash"....it seems to me that you need a technical air pocket>> Take a look at your Daily S&P chart, and see if the action from 9/1 to present does not look like a "bubble." That's a big enough air space to drive a truck through! You may be right that we could now use a smaller airspace, and from Friday's low, we've got a nice one partially formed already. The panics leading to "crash days" (single day declines of 5% or more) have always come AFTER a period of downward market action, and not right from the highs. The environment is perfect for a crash... Can't you feel it? The bulls climax too quickly still, as they did after a one day reversal friday. All you hear now is "Successful Retest." You can't say that until NEXT Friday (if the market were still holding up). That's a great contrary indicator!! It takes less and less to get the Bulls rocks off now, and that tells me they're about to be taken to the slaughterhouse for their incontinence. Regards, David

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