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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 (13683)	1/30/1998 9:51:00 PM
From: CatLady	Read Replies (1) \| Respond to of 94695

What are you YELLING ABOUT? Yesterday you said that it was too early to be short, so I thought you meant that today would likely be an up day. Most of my short term indicators also said it would be an up day, A/D line increasing and above short MA, for just one of many possible examples. That's what I meant about "wearing my bull suit", and I meant just for today. BUT, I didn't really believe in an up day, because of the failed test of 8000, along with various other overbought indicators. Now, for next week, if Monday/Tuesday turns out to be a peak, ( meaning higher close than yesterday ) then I see a upward trend beginning, not a downturn. OR yesterday was the peak and we're going to see the first few days of next week heading down. I'd put odds about 40% on former, 60% on latter possibility. I'm just trying to offer various possibilities for thought and discussion.

To: William H Huebl who wrote (13683)	1/30/1998 11:22:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Bill: like you like to tell me, it's not good to be a bull or bear.. After listening to Greenspan and Rubin, I wanted to cast aside my bearskin cloak and wave my american flag at the NYSE. Most of the world's stock markets stand to gain immeasurably from a concerted fed activity to stabilize Asia, keep the contagion from spreading, keep currencies and interest rates under control, and establish a legal framework and liquidity to global markets. The picture they painted is ragingly bullish for global small businesses in foreign bourses, which is a sector that has been in a bear market for a long time. Greenspan also talks of increased volatility as an unfortunate consequence of an increasingly complicated global financial system. They point out that national security and foreign policy are inseparable, and fixing Asia is good for national security interests. It's hard to imagine a decline of more than 5% possible with this picture they painted.