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 (23067)	8/4/1998 4:09:00 AM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Hi Bill from the shore of the Mediterenian the US stock market seem to have switched to a bear market since option expiration in July courtesy of A.G. Now would be a good time to sell the peaks instead of buying the dips. As previously mentioned on this tread slowdown in employment will bring this bull down. From those shore the world economies look very slow or contracting. The US consumer is still spending but that is a lagging indicator. My anticipation is that a low payroll report may drive the market up as a relief for lower rates but IMHO it will reverse due to economic weakness and corporate profitability. Short and yesterday wrote some puts on my short to collect some money on my short position. Anticipate a move upwards to the SPX 1120 area. BWDIK Haim

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