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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 (15286)3/27/1998 1:10:00 PM
From: James F. Hopkins  Read Replies (3) | Respond to of 94695
 
Hi Bill; Have you or any one else noticed that the morning futures
have almost become a contrary indicator, ( not when they open..
as they open going that way..but then fly in the face of it )
Today is about five times in the last two weeks that strong futures
while they started things going in their direction, things
reveresed later in the day and closed the opposit. Both ways too..
Of course for today we still got to see the close..but it looks
like it's headed that way.
It seems to me this is more than normal, and that the future buyers
are getting their lunch eaten when every they bet them strong.
----------
Another odd thing is too many things are trying to go up at one
time..the dollar is up, gold is up, oil is up, stocks for the
most part are up..( this being over the last week )..now every
thing can't just keep going up..( or can it ? )...
It's damm sure crazy..I may try a gold mutual fund for a bit,
less downside risk at this time, and they may get a pop
Jim



To: William H Huebl who wrote (15286)3/27/1998 7:41:00 PM
From: Tommaso  Read Replies (1) | Respond to of 94695
 
Marketgauge today made a definite step toward a more bearish consensus of indicators.

marketgauge.com

When the negative readings of these technical indicators exceed the positive by 10 I would guess a collapse is imminent, and if they exceed the positive by 15, I would say we have a confirmed and protracted bear market under way.

Meantime, there's room for a few more puffs of hydrogen into the cells of this dirigible.