Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Yogizuna who wrote (41206)	6/30/1999 4:02:00 PM
From: pater tenebrarum	Read Replies (3) of 94695

Yogi, while i do respect the broad-based strength evident in the market in the past few days, the euphoria surrounding all this makes me still uneasy. this rally has not been greeted with skepticism, on the contrary, from what i could see people loaded up on calls again today. so while the charts are saying i should reverse my position and overweight on the long side once again, the extreme bullish sentiment tells me to resist the temptation. we will see if the strength persists. if it does, i will not fight it. i guess AG is subject to political pressures as much as anyone; it is the only explanation i have for this move by the Fed, which was guaranteed to fan the speculative flames. regards, hb

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