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 (36380)	1/14/1999 3:39:00 PM
From: Bull RidaH	Read Replies (4) of 94695

Berney, My efforts unfortunately came short of getting me short in time to really capitalize on this move down. I could see the move coming, but i missed by a few days on the timing for entry. Now that the move is fully underway, it's a piece of cake to predict what will happen next. We're in route to Dow 9025 or so in the next few days. After we reach that level, we'll consolidate sideways for a few days, then head to the final destination of 8400 or so. The bottoming action will be treacherous, with lots of whipsaws, so once we see the 8400 area, it may take a week or so to finally leave that area, with several trips between 8700 & 8400 a strong probability. You're right.... cash is king for now!! David

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