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

To: Haim R. Branisteanu who wrote (19873)6/5/1998 6:20:00 PM
From: epicure  Read Replies (2) | Respond to of 94695
 
You mean you think it is a bull trap? What do you think of Favors analysis- that we rally till the end of June (as I understand his analysis)? I have thought the indexes were bottoming for over a week now. I started buying bottom dwellers- and they seem to be getting ready to see the light of day again. I would be interested in why you think this is a bull trap (if that is what you meant), because technically things look pretty bullish(although, fundamentally, as always, the market mostly sucks).

BWDIK



To: Haim R. Branisteanu who wrote (19873)6/5/1998 6:23:00 PM
From: Death Sphincter  Respond to of 94695
 
classic bear trap? did you mean bull trap?
yes i'm sure you did , no need to fix error
while i don't think its running to 10,000 it still may take a run up, we will see soon.
there had to be a lot of short covering and i think there will be more short covering on the first dip off of this run mixed in with some buying which would reignite the rally.......but i am with you....it is doomed to return

carl


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