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


To: kahunabear who wrote (24642)8/19/1998 9:10:00 AM
From: Philipp  Respond to of 94695
 
Whipsaw:

Unbelievable

Don't feel too disappointed. This is the sort of relief rally you need for a proper crash shortly afterwards. I just checked the chart for the 29 crash. It only took some 3 weeks between the beginning of the relief rally and the first leg of the crash. And the downturn after that secondary peak looks pretty vicious indeed. Not that one should take historical comparisons too literally.

Cheers,

Phil



To: kahunabear who wrote (24642)8/19/1998 9:13:00 AM
From: Terry Whitman  Read Replies (1) | Respond to of 94695
 
Well put- perfect contrarian indications for a failed rally.

Bill Clinton... makes me proud to be from Indiana which he carried neither time he was elected. Also home of Dan Burton- who knows what a "scumbag" is, and has the kahunas to call it.

Here's hoping this rally can hold out till the end of the month- my retirement funds don't come out of the market till then.

Regards,
TW



To: kahunabear who wrote (24642)8/19/1998 9:28:00 AM
From: Jurgen  Respond to of 94695
 
Dell beats estimate - no P/E too high.

09:15 ET: Still firm futures trading...DELL now bid at 120...there is speculative urgency in tech stocks again (briefing.com)