Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom Trader who wrote (6348)	10/15/1997 4:04:00 PM
From: IQBAL LATIF	of 94695

See Tom- for me the failed test of our 20 days MA by SPZ showed to me the resiliance of this market- it did not even stayed there just jumped back up- I see this as a market prepared to take a new assault and let me add I think this will happen now on back of earnings- the picture of CPI tomorrow hopefully will give market to move foirward but even if CPI is .4 and SPZ 967 holds you may see a nasty move up backed by CPQ and Dell earnings.So we are talking here of a move up of 150 points -I think I would incline to say that with little help tomorrow, we may see an assault on DOW 8200. For me this divergence is towards earning driven- even when dead walk out of closets like Delta then I would hesitate to be in front of this huge juggernaut.Best of luck- have a good day.

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