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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (10550)11/28/1997 7:46:00 PM
From: William H Huebl  Read Replies (1) of 94695
 
Haim,

Glad you are not in either ORCL or SUNW... you are sooo right, they look weak.

As you know, I use the 144 day time series as a test for bullishness/bearishness and LU is bearish, MRK is at the juncture of 200 day MA as well as 144 day... I tried to get calls today but never reached my price on MRK!

I consider IBM to be VERY bullish and HWP hasn't yet made it over the 144.

SPY is about to go over 144 also. Would be a major longer term plus for the markets...

Regards,

Bill
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