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

To: Bull RidaH who wrote (24014)	8/12/1998 12:56:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 94695

David, the main evidence I have that we will have an extended fifth wave is the Nasdaq. The Nasdaq has not been crushed to the lower bollinger band like the Spx has. As I indicated the speculation is still rampant in the face of this El Capitan face sell-off and Geocities almost made a double on it's IPO today. MAJOR COMPLACENCY! STILL!!!!!!! Until the speculators are crushed and crying we haven't hit bottom IMHO. THAT MEANS THE INTERNETS MUST BE KAPUT BEFORE WE TURN UP! and they are still holding above supports. I think we have to at least take out the bottom b band on the nasdaq before we hit bottom. I agree, we are going to have a motha short covering, bull rally. But we must be prudent and carefully pick that bottom. We are MUCH MUCH smarter than the average bull (AND WE GOT ELLIOTT -G- those doO doO's have been buying the dip for the last couple of weeks. We will get a V bottom, but I think we get a 1 million share captitulation day for that. WHEN WE GET THAT LET'S BOTH SCREEM BUY BUY BUY ON THIS THREAD. OK! BB