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Strategies & Market Trends : Waiting for the big Kahuna
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To: bearshark who wrote (32502)10/27/1998 11:20:00 AM
From: donald sew  Read Replies (1) of 94695
 
Bearshark,

I do feel this market could retest 8650 and approach 8800, but it wont be smooth.

>>>>>>>>>>>> I am suspecting that if we get to the 26-27 range on the VIX, that would be the beginning of the mini-dip, which could occur in a few days, say by the end of this week or early next week. I feel that after that mini dip, which could take the form of an intraday/1-2 day downspike, will would be the better time to go long. I strongly feel that we need some sort of a dip on the NAZ, although small, for the market to break 8650 and head towards 8800.

As I am typing the DOW has given up half its gains already, up 48. That is hinting that this specific upswing is lacking the legs. <<<<<

seeya
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