Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ViperChick Secret Agent 006.9 who wrote (20033)	6/9/1998 9:51:00 PM
From: Monty Lenard	Respond to of 94695

"btw, i have 4.11 on the 5 day trin on the NYSE" Lisa, I came up with the same as you. FWIW

To: ViperChick Secret Agent 006.9 who wrote (20033)	6/9/1998 10:04:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 94695

Guten Abend, Lisa. Got my trin figures for last week from Barron's and this week's from Yahoo. Small differences. I have 1.31, .72, .46, .82 and .74. Either way, 4.05 or 4.11, it still needs to be a reasonably bearish number for tomorrow not to hit a cumulative 4.0. Seems to me, though, that what Greenspan says may decide things for us. I'll go ahead and speculate that if he hints Asia is going to have a significant negative effect in the second half and next year, people will go back to worrying about earnings and we'll drift until either some notable warnings send us lower or the warnings season passes with no more surprises, in which case we go higher 'til the actual reports start next month. OTOH, labor markets are still tight and the markets sure haven't moderated their exuberance, so he could still sound hawkish. Problem with that is that this crazy market just might go up if it looks like a rate hike is coming (you know - "the bad news has been discounted"). Until then, I'll just have to take comfort in the lack of volume and the negative breadth. The Transports, BTW, still look to me to be in a downtrend. Renewed concern about economic slowing will send them back to their lows pretty easily, IMO. BWDIK? Bob PS: Monty, gotta hit the return key when using fixed fonts.