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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (37894)3/3/1999 7:48:00 AM
From: bearshark  Read Replies (1) of 94695
 
Vitas: I am 100 percent cash. After the market tells us what to do, I will do it. I am expecting some sort of retracement from the initial move that I can evaluate. This could be very profitable.

However, if we fall below the valleys of the triple top on the INX quickly, it may be difficult. If a rally today fails again, it would be further support for a down move. However, there is a huge amount of support not far below where we are today.

It is time to sit back and observe. There will be plenty of time to attack the wounded. This market is waiting for the cannon fodder to be served. I have no plans to be part of it.
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