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Strategies & Market Trends : Waiting for the big Kahuna
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To: Thomas C (Hijacked) who wrote (30678)10/7/1998 9:00:00 PM
From: bobby beara  Read Replies (1) of 94695
 
>>>>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..<<<

TC, fool moon effect -g- happening to me too - big time, we are in the confusion mode, there is a high amount of stress around here, look at the swing of the ndx and the xci within such a short term period, this is the confusion ... shakeout period.

It will be relieved by the pause that refreshes - a nice big flush -g-

Look at the McOscillator, super historic oversold reading to a super historic overbought reading. This is the set-up, we have crossed back over the zero line with panache today.

I think the momentum is building now for a flush, this thing is tapping it's feet outside the gas station restroom and some guy is in there reading Bearrons -g- cover to cover.

DJT making convincingly new lows as did the RUT. Sadly to say we are going to have a recession or worse and that isn't priced into the market.

We have gone a record # of trading days between a superoversold reading - last was in 1987. 9/1 was a foolie to lure in the bulls and capitulate the bears to set-up the real thing.

bb
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