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 (38216)	3/11/1999 11:17:00 AM
From: Bull RidaH	Read Replies (1) of 94695

bearshark, Thanks much for that confirmation. It looks like the futures contract rollover today has created a situation where alot of traders got caught looking to buy the new front month contract (june) on a dip which never materialized. Thus, they're left to chase it up in a panic buying frenzy, and as the cash breaks out of prior highs, more buyers are brought in. As usual, i'm a terrible contrary indicator for upmoves. Calling the big crash hasn't been so easy. Good luck in jumping in this hot boiling pot. I've got 3 different methodologies calling for 1370 SPX in the next week or two FWIW. BK <up>

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