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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: mister topes who wrote (1923)	10/29/1997 12:32:00 AM
From: hedgeman	Respond to of 42834

Sold my Puts late monday---riding the bronc back up.

To: mister topes who wrote (1923)	10/29/1997 1:05:00 AM
From: sea_biscuit	Respond to of 42834

RE: His next prediction, a sharp short term rally that would probably fail during this week appears to be solidly in place as the market retraces a portion of the prior decline. That would set up his third phase, a test of the Monday night lows on reduced trading volume in the period ahead with a possible buying opportunity developing on the testing phase. Should be quite interesting! Yes indeed! There is something fishy about today's rally. It will be mighty interesting to see how this whole thing unravels over the next few days. Of course, in my case, it is more like the curiosity about what would happen in the next episode of a soap-opera than anything else... Dipy.

To: mister topes who wrote (1923)	10/29/1997 8:09:00 AM
From: Allan Harris	Read Replies (2) \| Respond to of 42834

The outlined scenario of "a test of the lows" is being repeated by just about every pundit interviewed by CNBC. The markets are seldom so accomodating to such unanimity of opinion. It seems more likely that we either scream up from here to the "winter season" targets, without looking back, or, just do that funky "back and fill" dance around these levels, then work higher in a more orderly fashion. A third, but less likely scenario, is a dramamtic faliure of this week's lows so as to eliminate even the possibility that anything like a "test" ever took place. Allan