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 (38902)	3/21/1999 7:02:00 PM
From: Jerry Olson	Read Replies (2) of 94695

Ok Bill yes i knew about that forcast, because that started me on this rampage<g>...hehehehe... anyway, here's MY senario..fwiw... we'll continue down Mon thru Tues or so...9750 would be about right... we move sideways for a day or 2, and depending on "outside" influences<g>...we begin the real assult over 10K... since warning season has already begun, and the "incoming" has been not to bad, sorta normal..without any bombshells, sideways to up is my guess.. i don't see any real explosion, unless we test the 9600 area 2-3 times and don't penetrate it...THEN we could see a lot of buying come into the markets... there's an enormous amount of sideline cash out there trying to find a home, waiting for pullbacks to buy...this alone will keep the levels afloat for now... traditionally Apr-May, is usually weaker thru tax season...but hey anything can & usually does happen.. BTW i feel the markets can stand $20.00 oil..easily.....

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