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

To: Thomas C (Hijacked) who wrote (30678)	10/7/1998 9:00:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

>>>>P.S. Incidentally, this market is really driving me crazy. My emotions are starting to get involved (trader's curse) as yesterday I got all concerned when Globex was up SO BIG...and then today this market was all over the place..<<< TC, fool moon effect -g- happening to me too - big time, we are in the confusion mode, there is a high amount of stress around here, look at the swing of the ndx and the xci within such a short term period, this is the confusion ... shakeout period. It will be relieved by the pause that refreshes - a nice big flush -g- Look at the McOscillator, super historic oversold reading to a super historic overbought reading. This is the set-up, we have crossed back over the zero line with panache today. I think the momentum is building now for a flush, this thing is tapping it's feet outside the gas station restroom and some guy is in there reading Bearrons -g- cover to cover. DJT making convincingly new lows as did the RUT. Sadly to say we are going to have a recession or worse and that isn't priced into the market. We have gone a record # of trading days between a superoversold reading - last was in 1987. 9/1 was a foolie to lure in the bulls and capitulate the bears to set-up the real thing. bb

To: Thomas C (Hijacked) who wrote (30678)	10/7/1998 9:18:00 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

Tom et all, Noticed the crash index getting closer to the magic -10 level in the past few days? wwfn.com Getting through today's low, which was significant support targeted by the break of the month long rising channel (957 SPX), will be the next key area to take out, followed by 948. When 948 gives way, a mini crash phase should begin that will target the 905 area. A significant rally could ensue from that area, possibly bringing the index back up to 957 (retesting major support) just before the real crash begins. 957SPX was also a substantial target off the peak, which is why that number is our closing low thus far in this bear market. That number gives way substantially intraday and twice on a closing basis, and a historic crash is not a matter of if... but when. My prediction: It gives way tomorrow. Regards, David