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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (20697)	6/18/1998 10:45:00 PM
From: Lee Lichterman III	Read Replies (2) of 94695

<< The Bulls and Bears are watching one another like Hawks. <G> It want's to go up short term, but it's scared. >> You hit it on the head there. My charts show the indexes wanting to climb despite the lousy internals. Who will win? This seems to be emerging into the classic battle of FA vs TA. Chart the NYSE and things seem like they are trying to get better yet over 140 new lows and only 44 new highs today and most other recent day's. The NASDAQ is still trending down so maybe it will bounce to trigger the rally. But if the indexes aren't showing the lousy internals, if a run does come, will the indexes make it look bigger than it really is. The "experts" (term used loosely) stated at the beginning of this year, it would be the hardest year to trade in the last 20. Maybe this is the time frame they foresaw. <g>

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