Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (30670)	10/7/1998 8:06:00 PM
From: Thomas C (Hijacked)	Read Replies (2) of 94695

bb, I am not so sure about Monday being the BK... If we break support on DJIA tomorrow or Friday (possible gap down before Friday like I predicted in earlier post...? well see) then I think we will be in panic mode. The reason I dont see specifically Monday as a one day BK is because of the way this market is correcting. This correction/possible wave 3 crash coming up should in my opinion be sort of like the 29 decline (simply because this market still mimics almost like a reflection that decline) which means that we will get massive down days say 800 or more points but then an intraday rally to close at the middle or near the top of the bar. Only to be followed the next day by small up day and then the next day being hard down again... If we start panic mode into and after this weekend, I see possibly October 19 as the bottom of Wave 3 down... Tom P.S. Incidentally, this market is really driving me crazy. My emotions are starting to get involved (trader's curse) as yesterday I got all concerned when Globex was up SO BIG...and then today this market was all over the place..

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