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Strategies & Market Trends : Waiting for the big Kahuna
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To: Death Sphincter who wrote (37933)3/4/1999 12:42:00 AM
From: Death Sphincter  Read Replies (2) of 94695
 
fish in a barrel...no brainer

Message 7184159

this thing is so easy it makes you think twice if its real

last August a big deal was made of the decline from July with no rebound.....well this decline on the NAZ was even bigger until the bounce to 2400 and it ain't done yet, just like last August

big guys getting slammed...yes there will be short covering and a bounce with some dip buying

but there are many stocks, including INTC that have completed long term 5 wave moves and they ain't goin to new highs now, only bouncing

there is lots of STINK, there is a parabolic move up off the October lows that ended in clear cut EWAVE terminations

there is NO STINK REPELENT...NO RATE CUTS..NO EARNINGS SEASON HOOPALA
NO EARNINGS GROWTH PROJECTIONS...NO NOTHIN.....just a bunch of stocks that went wild on a parabolic explosion AND A BUNCH OF STINK

the only concern now is not to get caught with your pants down with puts during a bounce...and calls if you are playing the bounce

roll them puts into April if you got March (I did some) cause there can be sharp bounces with action like INTC, CPQ,DELL as examples

but this puppy WILL AT LEAST SEE THE DEC LOWS before we ever see new highs

STINK IS KING for now

Bad Smells
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