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


To: bobby beara who wrote (18567)5/15/1998 9:59:00 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 94695
 
BB, Markets just do no go down as expected. I am with you on a strong reflex rally on the indexes but I am sceptical that they will go to new highs. DJIA will I think.

This assumption is highly speculative and I would like to see more negative presure into May 19. If the market will be neutral/down on Monday we may get the relief rally.

Unfortunately the volatility is so high in certain stocks that I prefer to be "little chicken". PFE,IBM, HWP are good examples of volatility, and they are real companies,not YHOO or KTEL etc.

Even screw driver DELL went up and down 10 points in 2 days each side for no obvious reason.

By now I was hoping of a Straight UP to DJ 9400/9600 range and reversal but was wrong. It is a VIAGRA market <ggg> therefore the BULL will give it's last push in a spectacular way and collapse. Not there yet but close.

BWDIK

Haim