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Strategies & Market Trends : Waiting for the big Kahuna

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To: ViperChick Secret Agent 006.9 who wrote (17820)5/2/1998 12:18:00 PM
From: Barbara Barry  Read Replies (1) of 94695
 
Lisa,
From the Favor's comments:
Dow target 9445 +/- 200 points intraday.
If it hits 9288 intraday soon he would revise target to 9500-9600.
But he is very focused about watching for divergences (like me!)such as the a/d line and new highs/lows,transports etc...
IMHO,if this market can't continue on all six cylinders look out...and that's what he hinted at to know the true strength of this bull.
He mentioned selling on May 15.Isn't that the pits with expiry on May 16!!!!!!:( AND cnbc asked him back in two weeks.
Thanks again to you and Billy for keeping me out of trouble with puts.
Regards,
Barbara
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