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

To: robnhood who wrote (18464)	5/13/1998 9:21:00 PM
From: Death Sphincter	Read Replies (1) \| Respond to of 94695

rr....yes the DOW is shooting at its high and it won't take much of a move to break it, ever since last week, I have been expecting it to break its high late this week. But the S&P needs a strong rally just to get to it's high, and the Supercaps and others. and the Transports are puking. So the DOW makes a new high and the other guys all do double and triple tops. And then profit taking starts tomorrow and continues Friday afternoon and it continues in front of the FED meeting..and then the FED says ..no increase...well everyone expects that and we get a bogus little rally right after the report. And then what? well there are no IRA funds coming in(like in April), there are no automatic 401K until the end of the month, there are no earnings, there are no ECI, Emploment,PPI/CPI reports...there is nothing to fuel this top. so there it sits a bloated market with no fuel sitting at the top after a pathetic little burp of a so called correction(just the first wave IMHO)......no this puppy is at the top and heading down starting tomorrow. carl