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

To: bobby beara who wrote (18393)5/12/1998 5:22:00 PM
From: robnhood  Read Replies (1) | Respond to of 94695
 
bobby, came in short yhoo, covered put it back out and then covered giving back most of my profit. Removed it from my screen for at least 1/2 an hour.<g>

Gotta stick to my own stuff. Anyway The market looks like it got a dribble of what it wanted with the LJR redbook sales. Now I've placed my bets on the long side for this huge runup . I guess we'll know by tomorrows opening.

russell



To: bobby beara who wrote (18393)5/12/1998 10:20:00 PM
From: donald sew  Read Replies (1) | Respond to of 94695
 
Bobby,

There are Triangles all over the place. I believe in the theory that triangles are formed as a process in awaiting news like earnings,interest rate matters, etc. I believe the news item most of the triangles are waiting for is the FOMC meeting, with the prelude possibly being tomorrow with the PPI. If the news is good it will surge up, if the news is bad it will surge down.

Seeya


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