Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom M who wrote (18235)	5/8/1998 7:29:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Tom, no panic, just luring more players inside the market. After raising to SPX + 11 people started shorting and the market leveled some. then the seller lowered their bids, market went down 50 DJ point and at the end of the day sellers went home and short covered for an uptick of 15+ DJ points. The Naz was more reflective as many closed at the "ASK" Market acted as anticipated after such declines they close it on an uptick. We will have some follow trough on Monday, of around 5 SPX points IMHO those are my 2 cents, BWDIK Haim

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