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


To: Tom M who wrote (18141)5/7/1998 8:30:00 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 94695
 
Tom, would admit that today was an interesting day. From a short term fundamental point of view, the market had all the reasons to stabilize or have a small rally, it did not.

In the meantime, gold, oil and CRB were down - prelude for stable prices (short term).

Airlines having a bounce, as retail stocks, some tech stocks holding steady, banks and drugs down who are inflation sensitive.

The compelling point is that retail sales are picking up after many years of sub par performance which reinforces my assumption that SE Asia may recover earlier then anticipated which will spiral the inflation synderome.

Is the market sensing this NOW??

I do not think so but it realy acted as if has sensed it. On hte ohter hand SE Asia markets say economy is still down.

On the other hand is AG the master of influence?? by sayin nothing related to the market still was able to implement uncertainty and fear in the hearths of those invincable bulls?? Well time will tell

Sorry for a boring post.

Still long those WDC shares, ANN run away fool me not acting on it as planed (tried at 18 Oh Well) and SUNW, happy I stayed away.


BWDIK

Haim



To: Tom M who wrote (18141)5/7/1998 11:49:00 PM
From: William H Huebl  Read Replies (2) | Respond to of 94695
 
Haim and Tom,

I will stand by my recommendation made 2 days ago to buy at 10 am tomorrow...

but as an options trader, I will wait to Monday, thank you very much.

Bill