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

To: robert b furman who wrote (19539)	5/31/1998 11:16:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 94695

Okay Robert You learned how to do paragraphs... Can you learn how to not capitalize every single first letter of a word!!! It makes it hard to read and in my declining age I need all the help I can get....

To: robert b furman who wrote (19539)	5/31/1998 12:45:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

robert, I see the neckline around the 68-70 area. I would re-establish a put position on a possible retracement back to the neckline or the 68 support on the mini crash. >>>I Really Do Believe That Intel Is A Bellweather<<< You got that right, and re-read my expose on pricing pressures and extrapolate that to the rest of the market. Intel has been there at the big turns. Earnings miss in October. Beat lowered estimates on January 13th. It's definitely one to watch and forecast the market with. This market is oversold, but it was overbought from February thru April and still kept going up. I think we get the reverse scenario here. #1 Timer Don Wollanchuk has gone bearish and he is one smart cookie and has been an unabashed bull seems like forever. In a report this week spending increased greater than income. At some point the easy credit available will be tightened as banks face greater frequency of defaults by over-extended consumers. We remain the last bastion of the goldilocks economy and our charge cards are maxed out. At the 89 Nikkei peak it was Tienemen Square. At the Dow Industrial peak of 1998 it is a nuclear confrontation between Pakistan and India. I would say the peak war has escalated. Meltdown inevitable. Could be July, could be October. bwdik, IMHO bobby b