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


To: Gersh Avery who wrote (31535)10/14/1998 10:44:00 AM
From: bearshark  Read Replies (2) | Respond to of 94695
 
Gersh:

If this buying of everything continues, we could see a bit of a rush to get on at the end of the day. We made one move down toward 7850 and it bounced from well above that number. That was what I was looking for but today is a long way from being over. I see a lot of similarities between today and 1/23/98 when the DJI was at 7700 on its way to 9300 plus. I am starting to think that we may have completed bear markets in the OSX and SOX. Maybe even the TRAN.

I play my game between the 20-yard lines. I am just waiting for someone else to bring the ball out with a good blocking formation. If it looks like a good play, I will follow with some encouragement.