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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (16097)4/12/1998 2:29:00 AM
From: Berney  Read Replies (2) of 94695
 
Bill, well we did okay last week! The market did not get "plonked" as many expected. BAMBI is neutral with a 16 to 14 reading for last week. But, 17 of of the DJIA stocks beat the S&P last week and that cannot be construed as anything but positive. My reading is that this is a key week to determine whether the bull market from mid-January can continue.

The key stock to watch is Big Blue. IMHO that if we do not get a "normal" sector rotation into tech that this market is vulture food. The weekly MACD on IBM doesn't give a bullish signal very often. If IBM doesn't follow through, IMHO we'll see an even bigger move to cash.

BWDIK

Happy Easter! May the crosses you have to bear in the coming year be few and far between and may you prosper from them all! I appreciate your efforts to encourage me to consider TA! I'm convinced!

Berney
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