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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 (17237)4/25/1998 1:04:00 AM
From: Berney  Read Replies (2) | Respond to of 94695
 
Bill, my BAMBI Update

Well, tech did their part this week. Didn't save the BAMBI indicator and its now 11/19 bearish. But, we had 2 bullish signals (DIS & HWP) and two bearish signals (MRK - finally & JNJ). We are in a cautionary period, but 11 of the DJIA stocks beat the S&P and IMHO this does not a bear make. I'm equally concerned that PG issued a bearish signal last week and was up this week.

My call - volatility yes; bear no.

We now get back to the fed watching game that has always been so much fun. The banks and brokerages are taking gas in anticipation, health care is mixed, and tech is doing OK. My input is to watch GE, IBM and PG this week. They should provide a good road map.

BWDIK

Berney



To: William H Huebl who wrote (17237)4/25/1998 3:24:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
Bill; I don't know what to make of the internals of the DJI today
I have not seen this before..the very high volume in HWP and it
up $8 makes the volume x price change = 112M on her alone
It actually makes the DOW look like it had a net positive inflow
of actual money in spite of it going down..it sure looks
odd..
Jim