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

To: Bonnie Bear who wrote (14579)	3/3/1998 9:07:00 PM
From: epicure	Respond to of 94695

This post fits into our normal topics of discussion here, so I'm posting it in case some of you might be interested. It seems to agree with the idea of others on this thread that we will see a pullback Thurs and, or Fri. To: lisa (35837 ) From: donald sew Tuesday, Mar 3 1998 10:25AM EST Reply # of 35896 INDEX UPDATE =============================== Obviously the HiTechs are showing strong weaknes today, but now the question is will the downtrend in the HiTechs continue beyond today. I just checked the NEW HI/LOs for the NYSE and the NAZ. The ratio for the NYSE is still high and right now it is 60 new highs and 6 new lows, giving a ratio of 10, but the ratio for the NAZ is on 3.6(51 new highs, 14 new lows). The ratio for the dow is not declining but is flat compared to the 5 and 10 day moving average, while the NAZ's ratio is declining. Also the XAL and the transports are showing strength today. I am concluding that today will again be a relatively flat day for the DOW and that the NAZ may bounce back tomorrow or later today. If I am correct, then this flat plateau which started yesterday should continue till WED/THUR. Then the news on Friday may be the turning point to the downside. Even if the news is good, we could see a short-term pop, but it will only delay the pullback a few days. I strongly feel that we will not go up strongly, say to the 8800-9000 range until we have a small pullback. Technically a small pullback is healthy for the market to continue up. Please keep in mind that we are still in an uptrend for the longer term. Now if the earning warnings are really bad/ interest rates continue to rise/ other bad news, then of course the pullback can intensify. Seeya \| Previous \| Next \| Respond \| View SubjectMarksBookmark this Subject Return to Puts, Calls, and other Options

To: Bonnie Bear who wrote (14579)	3/4/1998 12:12:00 AM
From: Lazarus_Long	Respond to of 94695

<< I just noticed close to 10% of the national bankruptcies in the ABI statistics are in Central California. >> Thanks for pointing this oddity out. California has about 12% of US population, so the statewide statistics are in proportion to population. BUT the largest part of California lives in the San Francisco Bay Area and the Los Angeles-San Diego area- -not in the Central Valley. I also live in Silicon Valley and our economy is doing fantastic. So what gives with the Central Valley? Are farmers hurting that badly? Their laborers? Who?

To: Bonnie Bear who wrote (14579)	3/4/1998 11:52:00 AM
From: Lazarus_Long	Respond to of 94695

<< I just noticed close to 10% of the national bankruptcies in the ABI statistics are in Central California. >> Yes, a real oddity. California has 13% of the national bankruptcy total- -in line with its percentage of US population. Yet half of its bankruptcies are concentrated in the central valley. Considering that the San Francisco Bay Area and the Los Angeles-San Diego Area are the big population concentrations, the valley can't have anything like half the states population.