Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bearshark who wrote (37956)	3/5/1999 8:55:00 AM
From: Chip McVickar	of 94695

bearshark, INDU iqc.com . There was a period in late 1997 that went on like this for weeks, actually even longer then todays sideways correction. I forget what the News Arena was like then but the end result was a climb from 7400 to 9310 and finally the Asia internatonal currency problems broke over the markets and Greenspan stepped up for the Home Run. It is a tighter coil today, but liquidity ruled then and also today. Significant news - Bad News is required to alter this reality. Even with a sharp 8-10% correction the buyers would be there. On the side of a Big Kahuna Sell-Off Cycles are a reliable and persistant part of our lives....patterns we find consistant today will change shortly. >>>Chuckle<<< I expect any significant Bad News will apply powerful selling pressures to this market. Similar to what we saw in Mid 1998 at 9300 when everything was given back in a couple of weeks. BTW....Europe and there ECU have not been tested yet. Germany's need for an interest rate cut maybe the first test of the monetary union. Also....Banananananana's seem inportant for some reason? Also....have you ever done any work with DMI? Have A Good Day Chip

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