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

To: William H Huebl who wrote (20958)	6/25/1998 7:33:00 AM
From: robert b furman	Read Replies (2) \| Respond to of 94695

Bill even stronger breakout on OEX. S&P 500 and OEX have MACD crossover -( f1 key-daily ) T2100 adv/decl line appears to have bottomed - also macd crossed over Same for % above 200 day ave Same for % 2 channel above 200 avg All of the above developing one or two days after vgy started leading All of the above occurring after the naz began this turnaround five days ago. Agreed we are hitting resistance but must note developing breadth and on a good volume day provides confirmation of end downtrend and resumption of the uptrend.(in short the rally lives thru immed.delivery) Needless to say my recent buy on the big dip really wants to add all these pluses.Do you see any warning indicators that are being blinded from my optimistic bias/need? As Always Appreciate your education Thanks Bob P.S. Watching INTC very closely as uptrend can be declared with violation of downtrend line in the 81 area.

To: William H Huebl who wrote (20958)	6/25/1998 8:59:00 AM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 94695

Bill, today action will indicate if we are going to reverse. It seems to me that the China visit was a great climax for brokers to unload a lot of inventory. SI indicator is overly bullish and VIX is below 20. FED Rivlin indicated monday that the economy is overheated and the recent GDP proves that. GM strike is misleading unemployment numbers and bullish sentiment ignores fundamentals. SE Asia is in worst shape than previously believed and inflation is not dead but starting to move slowly up as indicated by the CRB especially grains. Next week should be interesting. From all I know may be the US is flush with liquidity but the other half of the world is sinking deeper in recession and cash squize. BWDIK Haim

To: William H Huebl who wrote (20958)	6/25/1998 11:15:00 AM
From: James F. Hopkins	Read Replies (4) \| Respond to of 94695

Hi Bill; I'm having ISP problems today , and having a hard time tracking anything. I still think the market is looking for a new trading range. We are getting back to our old highs, what happened to all the money that went into the FUNDS since mid April.. The Net move in the Market don't near add up to the Gross money that went in it ? The big caps have done OK, along with the speculative stocks, but over all the rally is still a narrow one. Is the down trend really over, it looks like it, but could it be a set up ? Dogone if I know.. I'm in Europe , and a little gold, and cash just waiting. You know with the GM strike and it going up the market got to be running on the MO MO funds. If they run out of steam we may fall back. A rally in oil stocks is crazy too, wait till earnings come out on them babies. Like it or not inflation is not too far off. It's in stocks, and real estate now. Big ticket items are not getting cheaper. I expect the FED to kill the dollar some more, then use that to up interest rates latter. Jim

To: William H Huebl who wrote (20958)	6/26/1998 3:42:00 AM
From: Berney	Read Replies (4) \| Respond to of 94695

Bill, no one seems to want to observe this, so I will. The breakout above 1120 looks awesome to me. If she (no offense lisa) holds this level on the retest, the BK is UP! Now, the DJIA is a different story and Jim's Head vs. Tails is really interesting. The Head has decidedly moved to the top of the trading range. If the DJIA goes up from here, IMHO its got to come from Jim's Tail. Again, IMHO, it's going to be real interesting to watch the stocks like AA, CAT, and JPM. A diverse group that has gone no where. If this is a rally, these DJIA stocks have got to move. As always, BWDIK, and all other disclaimers. Berney