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


To: Cynic 2005 who wrote (14236)2/21/1998 2:01:00 PM
From: Jerry Olson  Respond to of 94695
 
Hi Mohan

Couldn't resist my 2c worth...Mid Mar 8600-8700, no downside from today till then...Last week of Mar into Mid Apr, major correction...

I feel Asia will be felt this Q and Co's will warn about the next one too...A very good buying opp late Apr IMO...

The Semis will get killed, they are not in good shape yet...Warnings should begin the middle of the month and that will start the snowball effect into Apr...

Of course I have been known to be wrong!!!!<ggg>>

All the best, Jerry



To: Cynic 2005 who wrote (14236)2/21/1998 4:01:00 PM
From: P.Prazeres  Read Replies (2) | Respond to of 94695
 
Mohan,

I can't see how he can raise rates...the next move is down IMO.

Also, 7600 is too low...the 200 day MA is 7809.12 and the 50 day MA is 7943. The 50 day MA would provide some pretty good support and the 200 day MA is very difficult to break through...personally I think the market takes a breather for a while - 8300 to 8650 for a while.

Paulo



To: Cynic 2005 who wrote (14236)2/21/1998 10:10:00 PM
From: William H Huebl  Read Replies (3) | Respond to of 94695
 
Mo,

Let's get otta da trees and look at what is happening... and don't go gushy on us if I throw in some funnymental stuff!

We got yer Prez, we got yer Asia, we got yer Iraq... THEN,

we got yer 501K money and we got yer up volume... and,

we got yer earnings coming up and we got yer TAX payments gonna bite yer...

So far, up volume winneth over all.

SO... mild pull back, strong move up to 9,000+ area AND THEN el tanko...

that's when the BK becomes a reality and we revisit the 5,000s.

Believe it or NOT!

(So far, I BELIEVE it)

Bill

(BWDIK)



To: Cynic 2005 who wrote (14236)2/23/1998 4:17:00 PM
From: MythMan  Read Replies (2) | Respond to of 94695
 
>> I am expecting to be cautionary on the stock market and a hint at rate hike if the market doesn't cool off.<<

No way he touches stock market. Too late for him now.



To: Cynic 2005 who wrote (14236)2/23/1998 6:50:00 PM
From: Mike M2  Respond to of 94695
 
Mohan, I don't recall who said it but "the only thing we learn from history is that man does not learn from history." sums up the current market rather well. Mike