Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (31285)	10/12/1998 11:26:00 AM
From: Haim R. Branisteanu	Read Replies (2) of 94695

BB, take a look at the 1929 chart there also after a sharp sell-off the market went up strong for two days only to go south again. See also more recent history in 1964/67 very similar pattern to todays market. As of now we made a 100 SPX move from last week lows, or over 11% in two trading days, just because Japan made positive comments on their banking system. The US still has no budget, and Congress still has not approved IMF funding. To me the whole issue is more a massive short covering. Covered my longs this morning. BWDIK Haim

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