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

To: Oeconomicus who wrote (19741)	6/3/1998 11:17:00 PM
From: Bonnie Bear	Respond to of 94695

yo, the VIVUS chart makes for a pretty interesting market indicator. Maybe we'll find the bottom of the bear when it's finally delisted. (sob, sob, then what will we do for comedy relief?)

To: Oeconomicus who wrote (19741)	6/4/1998 12:23:00 AM
From: James F. Hopkins	Respond to of 94695

Bob; I'm not sure about a rally, but I know you don't fight interest rates, not for long and win. If bonds rally interest rates fall, and it kills stocks. It's when bonds sell off interest rates go up, it's sell bonds buy stocks, or sell stocks buy bonds. Right now they are not comfortable with one another and are de-coupled somewhat but that can only be pushed so far. What I said was if the rate falls to 5.75 stocks will rally, if the rate pushes up from where it is stocks will fall, it was odd that rates fell right along with stocks late today, and that won't and can't last..watch the rates they will be the key now, futures and options are taking a back seat for the time being. I would not be so scared if I was long as to sell on the open, the program trading has been wipping the market up and down, but I still hold a down trend is in place, and most rallies have been bubbles. Jim

To: Oeconomicus who wrote (19741)	6/4/1998 6:41:00 AM
From: William H Huebl	Read Replies (3) \| Respond to of 94695

Bob, Two of my really dirt-dumb indicators are the 17 day weighted MA and the 144 day time series MA. - except for very short transitional periods, the DOW normally stays on one side or the other of the 17 day MA for weeks on end. Currently it is UNDER the MA; - looking all the way back to 1994, when the DOW breaks below the 144 day MA, it stays there 4 - 6 months at a time. That current breakdown occurred in early May. We are at least a week away from a bearish setup formation on my Zwieg indicator and should be another 2 - 3 weeks from a trigger. It could be 1996 all over again! Bill