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

To: bobby beara who wrote (18255)	5/9/1998 9:48:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Bobby beara for your scenario to come true we need Bill's 2 to 3 days run up of 200 to 400 DJ points. Therefore I will be watching Monday carefully. If the market will top at Friday's highs,we may run further as many subscribe to a "spike" top. On the other hand we may see the most unexpected an old fashion top. Just remember the markets have their ways to make a fool of everyone <gggg> Sorry of being so decisive <ggg> BWDIK Haim

To: bobby beara who wrote (18255)	5/9/1998 10:17:00 AM
From: Vitas	Read Replies (1) \| Respond to of 94695

Watch for the Lindsay indicator kicking in again. Just in case. Vitas

To: bobby beara who wrote (18255)	5/9/1998 6:13:00 PM
From: donald sew	Read Replies (1) \| Respond to of 94695

Bobby, I have seen those technical charts indicating such large moves. Per your position of 1167-1200 as targets, that would translate to approx 500-740 point moves on the DOW(using 8.17:1 ratio). If I recall correctly Jerry Favors, who also uses GANN, supports the upper limits at 9600+ which falls in line with your projections. I do believe that there will be a runup this coming week; however feel it will be limited to the 9200-9300 range and that Monday could be another volitile day of 100+ DOW points intraday. However, there are some noticable technical weaknesses best illustrated by the short-term down trend of several indexes, and the large ones being the DOW TRANSPORTS, UTY, XAL, BKX, DRG, plus others. If the downward trend was only in some small indexes, I would discount such, but we are talking about some pretty important indexes. For the SPX to get to the 1170+ range, I would believe that most of the indexes would need to set new highs; however I do not see that happening in the immediate short/mid-term (5-30) days. With the price of fuel stabilizing for now, such should keep the transports/airlines from setting new highs, and with interest rates very close to 6% that would damper large moves in the banks and brokers. I feel more comfortable with a 200-300 point run on the DOW. Seeya