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

To: pater tenebrarum who wrote (44094)	10/19/1999 5:57:00 PM
From: wanmore	Read Replies (1) \| Respond to of 94695

I was feeling slightly bullish....not bullish really, but not expecting any real sell-off.......until now. This day was ugly IMO. S&P was up 26 points but closed up 7 ??? NASDAQ closes down 1 after being up 40 ???? Grandpa DOW closes up 89 after being up 230 ??? I still don't actually see a BK but something doesn't "feel" right. I bought puts on EBAY today while it hit 135 and puts on the QQQ when it hit 120. I could be wrong but, to me, this was NOT a good day. The only thing I am confused about is the futures are WAAAAAAYYYYY up for such an ugly situation

To: pater tenebrarum who wrote (44094)	10/19/1999 9:54:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

HB and Wanmore, Have some minor buy signals, but nothing to e-mail home about! <ggggggg> Been waiting to use that line! We are still in a downtrend with possible pullback to the 10,500 level as mentioned in the last coupla days. Be careful, Bill

To: pater tenebrarum who wrote (44094)	10/20/1999 1:32:00 AM
From: Gary105	Respond to of 94695

The sleeper is the yen-dollar relationship. The dollar is now pulling back after its G-7 meeting rise. If dollar gets anywhere near parity with yen, then watch out. Notice that interest rates rose yesterday. Unfilled gap in Nikkei in low 15000's. The only way it will get there is if it falls in sympathy with major US market drop. Bearish trade deficit will be signs that US consumer spending is not slowing. I still have a lot of difficulty with Abby Joseph Cohen and Joe Battapaglia's evangelical bullishness despite historical nosebleed market multiple.