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

To: Robert Graham who wrote (18906)	5/21/1998 11:42:00 AM
From: Claude Cormier	Read Replies (4) \| Respond to of 94695

To all: Is there a site that provides the realtime quote on the SPX index ?

To: Robert Graham who wrote (18906)	5/21/1998 12:34:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

Bob I would agree with most of your detailed posts, this one included. My observation to the market movements before an holiday is mixed at best and depends quite a bit if you are in a downtrend or uptrend. Ususally the market moves opposite to the predominant trend. As to the present situation I will define it as a state of confusion. Since the last week of March the indexes moved in a very narrow range of 5% or so. It seems to me that we are in a distribution phase, and the sharp moves, without real news, in each direction may explain it. Therefore being is cash will be more advisable that to trade and make your broker rich. Money market funds still give you 4.5% a year. Perserving capital is more important than the posibility of making profits <ggg> which in today undecided market limits you to relative small scalpings. Personally I do not feel comfortable going long at this juncture but the prevalent negative sentiment makes the market prone to sharp spikes upwards such as yesterday for non-event news. Those are my 2 cents. BWDIK Haim

To: Robert Graham who wrote (18906)	5/21/1998 12:48:00 PM
From: vegetarian	Read Replies (1) \| Respond to of 94695

Bob Your posts are good, educational, and worth reading. Keep them coming, thanks. Just thought I would come out of the woodwork and show support.

To: Robert Graham who wrote (18906)	5/21/1998 9:50:00 PM
From: Vitas	Read Replies (2) \| Respond to of 94695

Bob, the Almanac section I quoted refers to the four day week after Memorial Day. See post # 18789 As to holidays in general, he says "Bullishness the day before other holidays" (other than New Year's Day) "and bearishness for a few days after is also evident except after Memorial Day." Average Basis Point Change 1980-1997: Holidays: 3 Days before, 3 days after: -3 -2 -1 +1 +2 +3 .03 .03 .07 -.05 .10 .17 Average for all holidays .00 -.04 .13 .45 .34 .14 Memorial Day only I don't believe he is attempting to present a theory here; it is based on actual PAST PERFORMANCE. You know, like past performance does not guarantee future results. Bob, please, no wagering.