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


To: robert b furman who wrote (33414)11/10/1998 9:29:00 AM
From: Enigma  Read Replies (2) | Respond to of 94695
 
Waiting for the Big Kahuna -seems we have a hall of mirrors here - one mirror called Elliott, one called AG, etc., etc., - the trouble with the room, though, is that it has no windows - so nobody will see the bK when it finally comes - could be come thing like this: wallstreetcity.com

E



To: robert b furman who wrote (33414)11/10/1998 2:53:00 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
robert,

I'm not an advisor, but I'll give you my two cent opinion.

I'm still long a pair of December SP contracts and see no reason to sell out here. My work tells me that yesterday was only a rally dip and I would expect this rally to resume no later than Wednesday or Thursday, if not sooner.

What we saw in recent weeks was a bona fide technical break out. These occur with tremendous underlying force and they don't stop on a dime.

I expect to see new highs in all the equity indexes before any serious pull back occurs. I'll be posting my sell signal on this thread, as if it would be worth reading.

Again, if the markets crap out right here today, then I swear that someone is using my nick name and posted this message to you.

GZ