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Strategies & Market Trends : Waiting for the big Kahuna

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To: robnhood who wrote (17906)	5/4/1998 7:29:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 94695

rrman - please differentiate between my view and those of Mr. Sixpack Market goes only up. My point in the latest posts was that there is a strong buying bias from Mr. Sixpack and the longs and shorts will get wiped in both direction. As a result an air pocket is growing below those market prices which will mitigate a crash. As to my assesment you have presently two forces in the market - the 401K and pension contributions buying and many pros selling - e.g. distribution. and to clarify my point + or - 100 DJ points is still neutral in my book as it is only around 1% In one of my previous post suggested to sell calls and collect the premium. BWDIK Haim More interesting news U.S. Treasury to pay down debt Copyright c 1998 Nando.net Copyright c 1998 Reuters News Service WASHINGTON (May 4, 1998 3:38 p.m. EDT nando.net) - The U.S. Treasury Department, citing swelling budget receipts, announced on Monday that it will pay down government debt by a record $110 billion in the April to June second quarter. A booming economy and soaring stock market have fattened Treasury's coffers, especially in the second quarter that included an April 15 deadline for filing 1997 personal income tax returns.

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