Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (22251)	7/24/1998 5:31:00 PM
From: P.T.Burnem	Read Replies (1) of 94695

Since I posted taht one I've said Bear Trap, & it just reversed, and with a vengeance. For that to happen on Friday is a bullish signal. I don't think the bears can stop it now. And then it reversed again, and again, and again... In the end, the bulls managed to push the Dow into the positive territory, apparently hoping that bullish headlines may lure the public back into the stock market. A bull trap has been set... Anyway, I bought a bunch of PFE, MSFT and WCOM just before the close that I intend to sell by 10am Monday morning. As to the direction of the market's next move, it will be determined by the next big headline. PTB

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