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


To: Haim R. Branisteanu who wrote (10196)11/22/1997 4:43:00 PM
From: Haim R. Branisteanu  Respond to of 94695
 
Some comments to my comments :) As Friday was option expiration short term teh charts may be misleading.

Monday/Thuesday will give a better feel for those stocks. As I said before it's very difficult to predict price movements on a day to day basis.

Failure to hold SPX 950 will indicate that we had an intermidiate top and we are heading lower to a lower low (around 918-23). In those gyrations I expect the 900 SPX to be broken but not in this downmove, but the next one.

BWDIK

Haim



To: Haim R. Branisteanu who wrote (10196)11/22/1997 5:17:00 PM
From: William H Huebl  Read Replies (2) | Respond to of 94695
 
Haim,

A lot depends on the US market reaction to SEA... if they buy into the crisis then your comments may be well founded. HOWEVER, many of the stoocks I listed have inverted H&S patterns which, if broken to the upside, should move 10% or mor higher... and possibly carry the general markets with them.

Remember, on the list I gave, SEA was the big caveat!

(And my Barron's forecast is negative on the week!)

So let's boogie!

Bill