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Strategies & Market Trends : Waiting for the big Kahuna

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To: Daniel Ray who wrote (21675)7/15/1998 8:34:00 PM
From: bobby beara  Read Replies (2) of 94695
 
Danny Ray >>>>Really, no one can predict the future<<< baloney I told Haim several weeks ago to buy Yahoo 200 call options -gggggggggg-

and this note for Haim:

I have been keeping tranny watch also. This morning I bought some poots on DAL. The XAL had a bearish engulfing candle reversal today.

If you draw a trendline on the XAL from the October and Jan lows the XAL dropped below in the April-May correction came back up and reversed back off that trendline twice (today being the 2nd day). DATS a FAILURE!

The XAL/tranny has lead both up and down in the last year.

Oil looks sucky, but it has bounced off a double bottom, so could get a short term pop here. Tom McClellan has a cycle low for precious metals next week.

Intc reaction a mystery, declining revenues and profits, at some point reality will be a dish served cold.

bwdik,
bb
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