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 (26720)	9/7/1998 7:40:00 AM
From: Philipp	Read Replies (1) of 94695

But WE haven't had time for OUR kneejerk reaction. The German DAX is interesting. It was up almost 4 % (!) within a few minutes of trading and has been steadily down ever since (- 2 % now since intra-day top). The next move will be big, but it could be up or down. In fact, I may switch sides tomorrow. For the first time in a couple of weeks there are some potentially positive factors on the horizon (a new Russian government, not today but probably within a week; a possible compromise in Japan on a reform package; HK getting the upper hand on the speculators?). There are still a lot of negative factors around: Clinton again and an early pre-warnings' season (could start to strike any day). I will probably reestablish a spread tomorrow or even sell my puts. Regards, Phil P.S.: Don't get me wrong. I still think that any substantial rally will be short-term, but it could be a couple of weeks before the market turns south again. All I am saying is that the first leg of the bear may be over without a crash.

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