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Strategies & Market Trends : Waiting for the big Kahuna

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To: Joseph G. who wrote (31221)10/10/1998 9:14:00 PM
From: Moominoid  Read Replies (1) of 94695
 
BullSuckers(TM) are weakening and running out of cash

Exactly my point. When we pierce Bollinger Bands with a sharp spike as in October 97 or 31 Aug 98, a strong rally ensues. When the rebound is weak a decline normally ensues. I've only found one counter case - '94 on the SPX - but the percentage moves were small compared to this.

David
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