Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (10700)	12/1/1997 9:48:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Bill, I am not sure that the DJI reflects the market I relay on the SPX. As I anticipated a close above the 950 will start a strong move, unfortunate the long weekend confused me some. On the SPX we are very close to an alltime high, but hte divergences arise as most other indexes are lagging. Which is a non-confirmation. the whole Japan issue is a puzle to me. In US$ the NKY is still below 15,900. Last week of October the yen was 120 to US $ now 129!! Many other isues that woried the market before evaporated but have not disapeared,- e.g El Ninio, Overvaluation, Iran/Iraq etc. Grains started to move up. The CRB does not show because of OIL Services will get slowly and surely more costly especialy healtcare! So wath the FED to do?? More to add but I will start to be booooring Haim

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