Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (18659)	5/18/1998 6:55:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Bobby, I am not sure were the market will move during the next month or so even that I tend to agree for a substantial downdraft. It is obvious as we approach the holiday weekend that we may get a reflex rally. Watching the tape and the distribution pattern I am a little quizy as to the anticipated move up to the 10,000 area let alone the anticipated 9600 range. All the clasic indicators are in place pointing to a drop in share prices. Just check the A/D line, Value Line & Russel index, transports utilities etc. The CRB action is also pointing to trouble not to mention other geo-political events. On a last note 8 months ago this tread was highly allarmed by the Japanase market hitting 15,000 today nowbody cares and YOU are bullish. With all due respect I am worried <ggg> I would short any rally and my belowed DELL the complice to MSFT is a preffered choice - AFTER EARNINGS release (but I may change my mind by then <ggg>) In any case best of luck, I am playing day by day. All in cash BWDIK Haim

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