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 (26703)	9/7/1998 4:34:00 AM
From: Philipp	Read Replies (1) of 94695

Globex rally is not very surprising. Classical knee-jerk reaction to a positive headline ("interest rate cut possible"; just don't read the small print), stable Russia (so far), positive Far East. These don't have any staying power, since there has been no real positive change at all. The underlying negative factors should reassert themselves by Wednesday at the latest. Let's count today as the first day of the rally. It will be interesting to see whether this rally can make two days for a change, or whether this will be a rally confined completely to Globex trading. Regards, Phil

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