Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (34026)	11/21/1998 11:49:00 AM
From: bobby beara	Read Replies (3) of 94695

Carl, hold onto your jock strap, it looks like Friday's action is pointing for another upleg. decisionpoint.com Notice the indecision in breadth over the last week around the zero line, then the turn up on Thursday and Friday and the jump is right off the trendline from the splke low on 9/1. I believe this worked off the overbought condition. The market has been doing a good job of turning august and september resistance into support. I expect it will do the same with July. The VIX spiked down late last week after a little correction, I believe we will have to take out the April/July low in the VIX before we see any kind of top. Elliot reads of this leg up are proving to be useless. bb

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