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 (30893)	10/8/1998 4:59:00 PM
From: donald sew	Read Replies (5) of 94695

Bobby, >>>>> Capitulation lows that begin new uptrends most often end at or near the lows of the day <<<<<<< Many will think that todays rebound as a positive sign, I view it as the BUBBLE getting bigger and the burst would intensify. Months ago, only about 100 stocks were moving up, then 75, then 50, then only the big NAZ, DOW, internuts, and now only the DOW is basicly moving up - ITS BUBBLE TIME. It would be dangerous to consider todays rally as capitulation even with a negative 1700 tick and the VIX over 60. The volitility is skewing the technicals. seeya

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