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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (35054)12/9/1998 6:30:00 AM
From: Arik T.G.  Read Replies (1) of 94695
 
David,

It seems the market shared your thoughts re SPX 1192 and sold off sharply. Weather we do see higher numbers or not, that was a GREAT call.

IMO the internuts will see new highs soon (AMZN 260 area) and that could be it. The big techs (MSFT, INTC, CSCO) may have two-three more up days, and AMZN and YHOO maybe 3-4 days, and then the market would have to find a new leading group or fall. After all, how long can you defy gravity.

Bot a few AMZN Dec. 210 and 220 calls yesterday am. I can't believe it myself.
Bobby Beara- This could be the sign you've been waiting for- Me going long that crazy stock- to be sure the sky is falling.

ATG
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