Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: jef saunders who wrote (22086)	7/22/1998 6:38:00 PM
From: bobby beara	Read Replies (1) of 94695

Cool, great job jef. We are very close to the top to play the long side. I bought some MSFT calls this morning but I'll be out quick. I would save my powder for the downside. One wave interpretation would put the top on Monday, another would give us one more leg to make a double top @ 1190 or a marginal new high above 1200 (i like 1205). With the sucky internals it's hard to believe we could get another leg up. Did anybody get the Investors Intelligence bull bear #'s.<b/> They come out on Wednesday!!! two weeks ago the rydex ursa/nova+otc divisor gave an historic bullish ratio. Look out below. Hang Seng and N225 a/d line have not confirmed the recent rallies, the Hang Seng a/d looks really bad. Looking for a move off the dollar peg and a Chinese deval. bb

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