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


To: BubbaFred who wrote (36126)1/6/1999 9:17:00 PM
From: bobby beara  Read Replies (1) | Respond to of 94695
 
Freddy, I don't believe the nutzmania is over but some sort of top may be in the making in the next several weeks. The INX2 made a slight new closing high and I believe that high will be taken out big before we get some kind of top. Hope yu gotz some time on yur putz.

If my count is correct, the bottom on 12/4 initiated a new wave up in the inx2 and we are now in the fifth wave and given the bullish breakout in worldwide markets (even the CRB participated) I might expect this wave up to be extended.

Gap across downtrendline on RUT
Gap across resistance on DJT
Big Gap up on DJI 4th try to take out 93xx
Break above September lows on CRB.

Technical breakout.

We may be having Haim's top blow-off and right now i believe is way too soon to be short, I believe there will be a lot of sideline money coming in to panic buy.

bwdik,
bb