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

To: Don Pueblo who wrote (9461)	11/10/1997 8:02:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 94695

The trend of the market is down. OEX has broken 890 support and confirmed. IMO an early 5 points gain in the OEX would be a great opportunity to go short the market. S&P futures tradind now +6 a good short as well. However, SPX over 940 would trigger alarm bells that the 1% gain in Friday just before the close failed to do in my bearish sentiment. A close over 940 will cause me much confusion, and I will withdraw from bearish positions. That, IMO, will not happen. We close down today. Should be down hard, but in light of recent strong surges i'll settle for another 80-120 points in the Dow. KO is headed to lower 40s MCD will meet 41 again GM mid 50s XON looks bad Strong Dow stocks are the dogs- T, EK, did not succumb to recent down trend. It's time the market would trend down without the aid of exogenic bad news. Today looks like no news (is good news) and down market today will increase fear in the hearts of investors. ATG

To: Don Pueblo who wrote (9461)	11/10/1997 8:34:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 94695

Iraq is toothless old limping 'wolve' how much that is going to affect the market is matter of conjecture- Saddam is a selling villian for CNN so they will always try to bolster this 'wolves' image- I doubt if Saddam has any prowess to make any kind of impact on global markets- a man who waited 18 months to get 2 billion$ for Food in exchange of oil is able to wipe out a trillion in cap- strange logic- Fast track is indefinately postponed but I don't think when Gingrich and Clinton are united the issue can remain in a deadlock, I see a test of 7800 this week and I will then decide how to bet on the markets.