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


To: donald sew who wrote (18303)5/11/1998 12:46:00 PM
From: Barbara Barry  Read Replies (1) | Respond to of 94695
 
Don,
I think I am with you on this one.Bill has "called" <GG> it very well lately.But if the divergences you mentioned continue we won't be looking at such healthy charts.imho.I have warned of the bear traps we have seen on quick dips,but my "gut" says we may start seeing bull traps now.Right or wrong,I will be in June puts soon.Of course I would prefer to get them next week. :)I am not saying a crash,just that I see some weaknesses too.And I would not be surprised to see another rally attempt before June expiry.
I had posted before I was looking for the dow to hit 9300 and the oex 547 for puts.
Regards,
Barbara



To: donald sew who wrote (18303)5/11/1998 6:37:00 PM
From: William H Huebl  Read Replies (5) | Respond to of 94695
 
Don,

As you now know, the strength did not hold. However, I still maintain that this week should be up strongly and possibly as much as 500 points IMHO.

Perhaps the pullback will continue into tomorrow???

Bill