Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Skeet Shipman who wrote (40742)	6/18/1999 6:44:00 PM
From: pater tenebrarum	Read Replies (1) of 94695

Skeet, what happened this week imo, is that the guys short the OEX and SPX calls had to run for cover when the CPI came out; that magnified the rally. with regards to next week, i am mildly bullish going into it. there may be a sell-off on monday to relieve some of the short term overbought conditions, but i don't expect it to last long or go too far. barring any major negative surprises i am quite sanguine for the rest of the week. i reserve the right to change my mind if my indicators tell me to, but i don't think they will. regards, hb

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