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Strategies & Market Trends : Waiting for the big Kahuna
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To: Haim R. Branisteanu who wrote (33721)11/15/1998 2:29:00 PM
From: Gersh Avery  Read Replies (1) of 94695
 
Haim

I believe that the market will react positively to the "end of the crisis." That takes care of Monday.

Then we have the Fed. With the market up it will be sell the news time.

With the market directions changing as rapidly as that I am following the prudent thought and wait until Tuesday for the market to tell me what to do.

Friday was interesting .. large blocks were being bought up while smaller blocks were being sold off. To me this would say that there was some good news about to hit .. but this "chart news" was not confirmed by bond, gold and yen movement. My conclusion was head fake mixed with the fear of being left behind. Of the days in the upcoming week I expect Thursday to be the most positive.

I dislike the way that Clinton etc. are working the PR machine at the expense of just about everybody else .. however I am not prepared to be the instigator of the next revolution.
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