Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Death Sphincter who wrote (34003)	11/20/1998 1:30:00 AM
From: Jay8088	Read Replies (3) of 94695

Could it be that too many people are calling for the top? Yes, the market is soggy and overbought, etc. But it is going for higher highs and higher lows short term. I think the double top formation at 9300 is a strong possibility. Even then it is unlikely to be a crash wave. We already had one July 20 - 9/1. I am not sure that the rule of alteration applies form C to A wave... but this coming downturn may be more of a water torture type - long, slow, steady decline while deceiving bulls to hold on for sharp recoveries. Just my guess.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next