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Strategies & Market Trends : SPARKY'S CORNER

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To: Sparky Beardslee who wrote (3464)8/14/1998 8:25:00 AM
From: Bruce A. Brotnov  Read Replies (2) of 4142
 
Sparky, market will open higher based on futures at 9.50. Overseas markets mostly rebounded 1-9% so I am looking for hitting 100+ during the day and then closing up in 50 area. How is that for a wild guess. <G>
Should be a wild morning as shorts run for cover and some of the sideline money put into play, afternoon will likely see some sell off in advance of weekend worries, esp as the country worries about the preservation of the Presidents character (and he is one).<G>

Take a look at FNF for a solid financial stock that held up the last 2 days with nice gains. FAF is a second choice. ANF looked pretty good on my watch list.

Bruce
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