Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Enigma who wrote (34526)	11/27/1998 3:28:00 PM
From: bobby beara	Read Replies (1) of 94695

E. from my wave counts the majors are in a wave 4 triangle right now from the recent correction. AMZN is a vertical cliff, I believe we could have another burst up of 25-50 points or more and that would set a tradeable peak for a pullback, then a secondary test. Buying puts on internets stocks requires precision timing and a tough way to survive the jungle. Short something that has underperformed during this move up. The sentiment and put/call ratios, thining breadth are begging for some kind of top soon. Everybody is putting a lock on Dow 10,000, just like they were putting a lock on 6600 8 weeks ago -g- The McCllelan Oscillator had another minor change reading today, so it's coiling again for another spring, probably like the one that produced Monday's big jump. bwdik, bb

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