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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (31926)10/18/1998 6:53:00 PM
From: bobby beara  Read Replies (2) of 94695
 
GZ, you are way too bullish, given the fact we are below the 200 dma and the real guy with the ears and tails hasn't even started to walk the neighborhoods yet -g-

Only a very few weeks ago Greeny was saying "the best economy in 50 years"

now he is pulling an emergency rate cut.

The captain is signalling an SOS but telling the passengers to be calm everything is all right in the cool Atlantic waters of 1912 -g-

The line under the bottoms of the april-may-june corrections on the spx intersects the 200 dma, which is just above where we closed Friday, if we fail to take that out and close above it in a meaningful way in the next week, bobby b sezs you better learn to tread water -g-

bb
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