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

To: donald sew who wrote (18252)	5/9/1998 8:31:00 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 94695

A pop and top at about S&P 1130 will make a quadruple top. That sure looks like a tough resistance level to penetrate.

To: donald sew who wrote (18252)	5/9/1998 9:22:00 AM
From: bobby beara	Read Replies (3) \| Respond to of 94695

Hi Don, astroecon.com We have the makings of a dup of the aug-jan period and ascending triangle with tops in the 1130's area. This negates and head and shoulders theory with aligned tops. This market will not peak with a flat top, but with a pointed top. My measured move for the resolution of the triangle is 1167 to 1200 area. Yes the market will peak on declining internals, momentum, a/d, highs/lows, but thats the stuff pointed reversals are made of. Your comments? bobby b

To: donald sew who wrote (18252)	5/9/1998 12:41:00 PM
From: William H Huebl	Respond to of 94695

Don, (with Barron's based forecast) You Forgot about the "pop" ratio... now Barron's Market watch has 2 "watch the bubble machine" forecasters and lotsa negative forecasts. When the majority of the investment advisors are negative, you can be SURE the market will go up. BARRON'S based forecast: May 9 1998 Weekly=up Mon=f,Tu=f,W=up,Th=f VIX=500 points up; VGY=Sell DJIA mom (377) =near peak Gut feeling - Will go to new highs and possibly reach 9600 by 5/15/98 Volatility=increasing Overall-flat to up Evaluation of last week's forecast: Weekly- 1% down on the DOW was not up Daily-50% right Gut feelings: if you count 1% dowm as flat - it was okay. I don't NOTE: Buy with both hands! (IMHO and BWDIK?) My plan right now is to buy out-of-the-money calls for the move up on Monday. (But that can change... we COULD have the bounce you speak of before moving higher). Bill