Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (20254)	6/13/1998 3:03:00 AM
From: Berney	Read Replies (2) of 94695

Bill, I don't like your chart at all! <g> BAMBI is again at the worst position since I started tracking it in Jan -- 24 to 6 bearish. I was absolutely staggered when I came out here Thurs & saw how few posts there were when I was looking at an absolutely horrible chart. I was equally staggered when I came out here today and saw over 90 posts and I was watching an incredible recovery. Last week 5 of the DJIA stocks (XON, MMM, CAT, UK, and AXP) gave weekly MACD bearish signals. While I watched the last hour and half today with interest, the short term didn't match the weekly results. I have a hard time seeing 20% of the DJIA giving weekly bearish signals as bullish. We are clearly in a real tight 1080 to 1120 trading range on the S&P. It's MHO that we stay here until, as bobby previously indicated, late July. We need to see the actual results for quarter 2 and how the folks see the remainder of the year. It's going to be interesting! Berney

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