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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 (7932)	10/27/1997 8:02:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Yup, Bill. I'm a patient and conservative bear. I'd expect this market to show some resistance soon. I'm not ready to try options yet, so you'll have to tutor me as we go so I can paper-trade.

To: William H Huebl who wrote (7932)	10/27/1997 8:18:00 PM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 94695

Hi Bill I also have support on the DOW around 7100 and SPX cash around 860. Next stop would be SPX 830. I am not sure what is happening with Japan tonight and last night they were able to turn that market around. My speculation is that Allen Greenspan got his requested "cooling" effect and will be very positive. Between the lines of some public figures, I sense that they are going to stabilize the markets as early as tommorow. The NY Federal reserve has done that in 1987 and I suspect tha tsame measures will be taken tommorow. But markets will tell us more accuratly. From watching the tape I noticed that heavy selling stopped around early afternoon, before the first close. They realy forced the market down. After the reopening of the markets around 3PM most stocks "gaped down" on realy low volune. For example, to cover some of my shorts, I neded to cover at asking prices. Same stock (which I coverd) closed 1/4 to 3/8 higher. All this on low volune. (I am speaking about stocks who trade over 1 million shares a day) This indicates NO BUYERS not heavy selling. It's smells a strong reflex rally is comming. Greenspan has done it before. BWDIK Happy Trading Haim