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

To: Jumper who wrote (11221)	12/10/1997 4:53:00 PM
From: MythMan	Respond to of 94695

What pullback? we're only 1.4% off the s&p high. thats not even profit taking <g>

To: Jumper who wrote (11221)	12/10/1997 6:44:00 PM
From: GROUND ZERO™	Respond to of 94695

Hi Jumper, I'm sorry that I didn't make any numerical reference to my post. I should have been more specific. Early this morning, around 8 am, I posted on this thread that the DOW 7930-7950 should hold support. It did. Support for the NAZ was 1580, that also held. That late selloff into new low ground was probably floor traders running stops. That rally off those lows in the last 30 minutes and a close above that support area tells me that these markets found its footing for the near term, at least. There's enough bad new on the street for traders to short any forthcoming rally. That short squeeze will probably propel the DOW into new highs. IF this was the low, of course. Happy Trading. (-...-) GZ