Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (33266)	11/7/1998 10:51:00 PM
From: Thomas C (Hijacked)	Read Replies (1) of 94695

bb, I recognize that we had a TREMENDOUS bullish divergence beginning of October and hence our rocket rally as of late, however, we had a very similar bullish divergence 15% down from the peak of 1937 in the Dow. The market similary shot straight up, reflecting the bullish divergence, BUT it did not break to new highs. And 1937 was a pretty important top. I suppose that the proof in the pudding of this rally will be whether we hit new all time highs. Anyone here, including you bb, willing to say what % chance they see new highs from here????? 40% chance 50, 60 70% chance???? Tom

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