Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (32014)	10/20/1998 9:42:00 AM
From: Greg Jung	Read Replies (1) of 94695

If the fed is on your side, why argue with that? $ rise this am, I suppose a european interest rate drop is expected? Even though there was small volume, quite a few 20% bumps in stock prices the last few days. Not the right time, imo, to be putting in new shorts when the fed is goosing the market. What are they going to do to break the s&P 1080 level? Let themarket linger a while, allow shorts to come in, then any small nudge will take it up. The barrier broken, the next goal is 1150. And don't look back: support levels unnecessary. Greg

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