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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: wanmore who wrote (43780)	10/4/1999 8:36:00 AM
From: pater tenebrarum	Respond to of 94695

wanmore, judging from the European markets' performance today and the S&P futures, we'll start the week with a rally...note that 09/28 was an ST cycle low that has held so far and therefore must be considered valid. i went a bit longer than i was late last week myself in view of that. whether the rally will have legs remains to be seen, but the large number of outstanding call contracts and short positions on Nasdaq stocks could potentially fuel a lot of short covering.