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


To: Mark Adams who wrote (48687)10/1/2000 10:26:40 PM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
I view the markets as giving out mixed messages... however, from some of the info I get it looks like the SMART money is also gunshy!

Traders' Committments also show that the small guy (typically wrong) is flat to long and the commercials are net short...

As many of the seasoned traders here say, there are some key support areas which must hold next week or look out below.

(I happen to be in the camp that believes those supports will give... and while there is a possibility of a crash, there are more supports further down which also have to give way before that occurs.)

There are also enough puts in the pot (isn't THAT cute?) to stand in the way of any feeble attempts to crash... or at least that is the theory.

BWDIK?