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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (44708)	6/2/1999 5:56:00 PM
From: Cynic 2005	Respond to of 86076

<<Where is this crash?? >> The anatomy of market prior to a mini-Kahuna (MK, if not a BK): 1. Bears should have lost all faith. 2. Both bulls and bears must be losing money (more losses for Bulls) 3. Wild intraday swings in indices. We have #3 for sure. #2 appears to be in place already. #1 is for sure up-on us when LT and I stop our rants and Felck dismisses a one day 1.5% decline as non-event. Of course, we don't need #1 for sure as some of us may still be bearish to the point of MK. The objective of this step is to cause maximum damage to a majority of bulls and bears. This is important because, wee need to get in to the "sell to whom?" scenario. The day prior to MK. We have a steep loss and then a dramatic recovery by end of day with (a) frantic short-covering (b) light volume (c) return of hope among margined-up-to-wazoo bulls. Today may qualify but I am not sure. On the day of MK. We will open down, steep sell-off, a recovery to almost break-even or even positive and then a swoon. Fingers crossed.