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Strategies & Market Trends : Waiting for the big Kahuna

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To: Berney who wrote (40506)6/4/1999 4:22:00 PM
From: Lee Lichterman III  Read Replies (1) of 94695
 
>>The joke was on the bears today. <<

I think Monday will tell. I won't have my data until late tonight and I have to work my second job so I won't have my charts done until tomorrow but eyeballing it, I have the NASDAQ and other indexes near the tops of their descending forks. Friday's have been Joe Six Pack rally days for the last couple Months and haven't reflected the true market direction for some time now. The stocks I was watching had most of the gainers doing so on extremely light volume with a few exceptions. I went short at the close myself so I am a little biased. I love it when they give me the high of the day at the close for short. Note the TYX is up to 5.96%. I just don't take that as a bullish sign.

Good Luck,

Lee
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