Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (38802)	3/20/1999 7:08:00 AM
From: GROUND ZERO™	Read Replies (1) of 94695

Bill, The BK may be upon..... We may now be looking at the head of a H&S pattern with multiple initial shoulders..... the slightly rising neckline is just above 9000, so this gives us a measured move, if it completes itself, to about 8100 or thereabouts..... Bonds are about to resume their slippery slide into higher rates well lubricated by crude oil. I covered my crude position for a 25¢ loss on the trade. Crude is becoming a powerhouse... an early indicator of *inflation*... a rise in energy prices..... Remember our friend inflation? I'm sure that AG will never let us forget about inflation. AG will only be too delighted to say at the next meeting, "Gentlemen, as they say in Iran, Ayatolyaso....."<g> Ergo, a moderate size BK may be at our elbows at the moment..... GZ

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