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


To: donald sew who wrote (18566)5/15/1998 9:43:00 PM
From: bobby beara  Read Replies (1) | Respond to of 94695
 
Donald, I think the pullback will be limited to a few points on open Monday, a lot of my indicators are showing that selling pressure is subsiding, and lots of pent-up buying demand out there waiting on SOFT and AG to OK the deal.

I'm calling for a 200-300 point up day on Tuesday or Wednesday.
Like AA, GE, KO, to name a few. Forget the indexes and go long the stars, they're keeping this market afloat.

Yes market internals look sucky and bearish sentiment abounds, but the two same characteristics were there on Jan 12th.

bwdik,
bobby b