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

To: William H Huebl who wrote (7221)10/24/1997 6:58:00 PM
From: Robert Morrison  Respond to of 94695
 
Bill. Remember the "55 days after the market high" theory. Well the 55th trading day after high in August is this Monday!!!

Monday will be a wipe-out as Asian investors cash in their US chips and pick up the 30%+ profit they have made against their home currencies to invest back in their home markets.

Rob



To: William H Huebl who wrote (7221)10/24/1997 7:53:00 PM
From: Haim R. Branisteanu  Respond to of 94695
 
Bill no one can realy predict the market. It's a probability game. I was sure that they will cover shorts this Friday but supposedly the cleaned them out "AT the GATE", and everyone was long after 10AM.

Did not made one trade today, just cancelations

So the longs cleaned positons toward the end of the day - bad sign but no Cigar

This week is reminescent of last week and of Oct 16, 1987. Will see Monday unfold.

Happy trading
Haim


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