Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (32856)	11/1/1998 11:01:00 AM
From: bobby beara	Read Replies (1) of 94695

You're right Vitas, Equity calls are hot, but the big buying in OEX puts is very bullish. This rally is being doubted and thats what's necessary for a bull market resumption, when we get back to 55/20 bulls/bears then we can go short again. Panic buying of treasuries. Panic selling of banks, brokerages, transports. Five wave blow-off peak in VIX. Failed H&S pattern on Dow with neckline @7500. GZ went short recently -g- Positive Breadth plurality even on down days for the Dow. Crash of 99 cover Market not reversing off an overbought spike in Oscillator - bull market initiation breadth thrust, not bear market peak. Dead bear bodies littering the lanscape after a scary halloween: taguru.com All spells a significant bottom that will be in place for months. A breakout of the transports next week will confirm. bb

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