Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (31772)	10/16/1998 2:36:00 AM
From: Moominoid	Read Replies (2) of 94695

I can't see how we can "zoom" on Friday. My technical indicators all show a lot of resistance on the SPX. For example, the 13 and 34 day Bollinger Bands that I track are both just above this point. The conventional 20 day band is being severely "stretched". I'd expect a similar move to earlier this week where we track sideways for a day or two. After that I suspect up again. I wouldn't be too surprised by a double 1180 (+/-) top on the SPX before the real crash (if there is one). I was thinking of buying puts here in Aus today but then changed my mind. I liquidated the last lot on the 13th. David

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