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: Monty Lenard who wrote (37824)	3/2/1999 8:54:00 AM
From: donald sew	Read Replies (1) of 94695

Monty, I agree with the STAIR-STEP process rather than one strong swoop down. If there is to be a strong huge pullback, it may take the form similar to that in the 70's which were a series of LOWER LOWs and LOWER HIGHs, not like 1987 all at one time. Unfortunately that would probably be worse for the market since each time buying steps in, it would produce a losing position until it hits the bottom wherever that is. I feel that the big pullback should start sometime this month, but Im not that confident that it will start right away. Regardless, its close enough, especially for the long term investor. We may only find out in hind sight, but this big pullback may have already started if it takes the form of a series of LOWER HIGHs and LOWER LOWs. seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next