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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: sandeep who wrote (47552)5/22/2000 8:55:00 PM
From: William H Huebl  Respond to of 94695
 
Heh heh heh... GOOD question. Last time these conditions occurred was around March 15 and lasted about a week. With about a 10% upmove in the DOW. Short term to me is hours to days. Intermediate is days to over a week or so. And LONG term is a between that and a month. I get these timeframes from options trading!

What would change my mind if the sell-off continued tomorrow...

We MAY regain the 11,500 level before the big one comes along. (NEXT WEEK???)

Or maybe not.

But it is coming... IMHO.