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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (31593)10/14/1998 11:36:00 PM
From: B.REVERE  Read Replies (3) of 94695
 
William, when the market plays fair (i.e. fed doesn't bail
out hedge funds or buy up spx futures), it ususally responds
to the consumer sentiment surveys when uncertainty reigns.
The Michigan survey shows up at 10 am Friday. If there is a drop of
greater than 5 points, we have a market crash Friday. No matter
what the clowns come up with on cbnc, if the public has determined
that there are enough layoffs going on to threaten their security, they will stop spending discretionary income. A market which can't
decide if we're going into a recession or not, will have its answer.

Later,

BR
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