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


To: Mark Nelson who wrote (6853)10/22/1997 7:16:00 PM
From: Bonnie Bear  Read Replies (1) | Respond to of 94695
 
you heard it first on the kahuna thread!



To: Mark Nelson who wrote (6853)10/22/1997 7:34:00 PM
From: Haim R. Branisteanu  Respond to of 94695
 
Mark thanks for the post, I kind of dismiss it as it is a GOLD newsletter who usualy are doom and gloom.

As to the actual T Bond action the next few days are important.

The T Bond at crossroads in same place it was on September 15 after a big run-up.

Conclusion Market is undecided as to direction of intrest rates/inflation or credit demand.

As for the stock market SPY 975 on the futures seems to be resistance and we may test last Friday's low before moving upward.

In absence of any economic news I have no clue of market direction even that I sense some influence from outside markets to the downside.
(My SI indicators are neutral, but oil and the CRB is turning to the upside)

It is interesting that AG postponed his conference to the 29th after employment cost index and the durable goods report. Maybe he knows somthing we dont.

Happy trading
Haim