Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: epicure who wrote (19876)	6/5/1998 6:40:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 94695

X, fundamentals count TA rides on fundamentals IMHO opinion the trend changed. for example last year every time teh SI sentiment was around 1.4 to 1.6 the market turned around and rallied higher. This time for example for almost a week the SI sentiment was around 1 and no rally. I am not sure if the market anticipated a strong employement report and many went short only to unwind positions or be just in cash. The market dynamics were clear relief and then wen no selling came they squized shorted stocks. DELL intra day will give you a clue, same for SUNW. As to Favors he is hedging all his bets. He is like any other market timer some time it works some time it does not. there was this guy going by TA and the stars who predicted a top in September 97 and then in March well he missed it by a month in both cases and since he does not apear on CNBC. Those are my 2 cents BWDIK Haim

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