Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Berney who wrote (34038)	11/20/1998 2:38:00 AM
From: Jay8088	Read Replies (2) of 94695

Ok, maybe the double top is a stretch. I was pretty surprised by today's relentless upmove. It feels like we have been experiencing nothing but fifth wave extensions for weeks! I think there is a lot of liquidity coming in to the market and chasing these crazy internet mania stocks. AMZN announced 3:1 stock split. And you can bet that stock would open gap up this morning. I do think we can turn down any time, maybe tomorrow. But I can't imagine what would trigger such reversal. For now, the short term trend is still up.

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