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


To: Vitas who wrote (37901)3/3/1999 8:16:00 AM
From: bearshark  Respond to of 94695
 
Vitas:

I know. The A/D line is awful and it looks a lot like 1973. I have been watching that since last May. It made some money for me then. We could easily have a quick move down, especially if any rally today fails. I am bearish but wary of a move up. Last October, I was bearish on October 7th. However, by October 14th, the market proved it could not go down. I rammed as much money as I could in the market at that time for the rise. I hope I am as fortunate this time regardless of the direction of the break.

Today should be interesting if it tries to rally but fails. We will see shortly.