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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 (15633)	4/6/1998 8:46:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 94695

Haim, I thought you were in cash about three weeks ago when you sold your TTELF. Earlier than that, but not by much, you spoke of meeting persons in that company and how well run it was and so forth, and said you were buying it. Convinced by your discussion, I bought some at 11 1/2 and it is now 16 7/8, almost a 50% gain in about a month. I guess what I want to know is, are you really convinced of the company's prospects or was that a passing fancy?

To: Haim R. Branisteanu who wrote (15633)	4/6/1998 9:03:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Yeah Haim, The WSJ even advertises their paper as "shark repellant", but what they forget to tell you is THEY are one of the largest Great Whites in the waters!! What a riot!! They took a hunk out of this opportunity on the Nasdaq, but that's ok, this ocean is teaming with prey. Happy fishing, and hope you get your oars in the water before the best catches are taken. David

To: Haim R. Branisteanu who wrote (15633)	4/6/1998 9:31:00 PM
From: bearshark	Respond to of 94695

Hi Haim: I am sure David is enjoying himself. He deserves it. He works hard. However, I do not have the numbers to go against this market at this time. (But that could change tomorrow.) It very well may be because of how I designed them. They befit an aging conservative speculator. Fortunately for me, aging sharks can scavenge. Every time I think I have the U. S. economy figured out things change. Now we have a 135-yen dollar again. That could take some of the inflationary pressure off of the U. S. economy--if it stays there for long. I was expecting wage inflation to lead to an upturn in rates by the end of the year. But who knows? Getting back to the market. I would think that there could be a brief and nasty decline--perhaps 300 DJI points or 35-40 SPX points. However, I think there will be a lot of souls happy to buy on the dip--unless there is an awful external event. Although I sensed something changing last week, this does not feel like a fitting top for this bull market. We need a huge one-day reversal. Say up 200 points to draw everyone in and then a drop of 300 points. We have had 500-point days before. Just think. With that kind of one-day reversal, the following day would be a record-setting down day in points and volume. Now that is how this bull market should end.