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

To: bobby beara who wrote (18659)	5/18/1998 6:54:00 PM
From: ScamSeeker	Respond to of 94695

Looking for an online broker that takes stop orders on options? Any ideas? Thanks, rs

To: bobby beara who wrote (18659)	5/18/1998 6:55:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Bobby, I am not sure were the market will move during the next month or so even that I tend to agree for a substantial downdraft. It is obvious as we approach the holiday weekend that we may get a reflex rally. Watching the tape and the distribution pattern I am a little quizy as to the anticipated move up to the 10,000 area let alone the anticipated 9600 range. All the clasic indicators are in place pointing to a drop in share prices. Just check the A/D line, Value Line & Russel index, transports utilities etc. The CRB action is also pointing to trouble not to mention other geo-political events. On a last note 8 months ago this tread was highly allarmed by the Japanase market hitting 15,000 today nowbody cares and YOU are bullish. With all due respect I am worried <ggg> I would short any rally and my belowed DELL the complice to MSFT is a preffered choice - AFTER EARNINGS release (but I may change my mind by then <ggg>) In any case best of luck, I am playing day by day. All in cash BWDIK Haim

To: bobby beara who wrote (18659)	5/19/1998 7:59:00 AM
From: donald sew	Read Replies (3) \| Respond to of 94695

Bobby, Your exuberance is showing gggggggggggggggggggg. I closed by PUTS yesterday when the DOW was down about 80, was close enough to my target, actually got closer than I thought it would which was 8950-9000. I do believe that there will be a pop today, but just do not feel as comfortable that it will be setting new highs across the board, which is the impression that I am getting - correct me if I am wrong. There is a chance that the DOW may set a new high, but that is one index of only 30 stocks. I also feel that yesterdays pullback was weak in volume, and the market rebounded 45 points easily. Now the question is will the rally also be weak in volume. That will be a major key to watch along with other technicals like the A/D, NEW HIGH/LOWS, ETC. Again I want to make it clear, that I also believe that there will be a pop but I am not sure at to how high it will take us. Now if you are correct that it zooms to the moon, a sense of humility would be nice, in light of your timing being one day off with your entry point and your high exuberance. By the way the futures are up 5 right now so there should be a pop at the open. Seeya