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

To: bobby beara who wrote (21871)	7/19/1998 1:46:00 PM
From: Haim R. Branisteanu	Read Replies (4) \| Respond to of 94695

Price averages - OIL In May 1998 oil average price was $15 In June 1998 oil average price was $13.6 or 9% lower -> PPI was +0.1 In July 1998 oil average price is $14.2 and rising ? Saddam again rattles the cage US Long bond is at 5.74% (at support) v. 5.6% by end of June Now grains will kick in as the heath wave in the south is destroying lots of crops. England starts to fear unemployment again! and in the US, GM strike intensifies. Indonesia and Korea want more money, and the musical chair ritual is in full swing in Japan. Russia must rule by decree to cut the budget and raise taxes, to get their money from the IMF. Not exactly a democratic way of doing business. Potent mixture. Haim

To: bobby beara who wrote (21871)	7/19/1998 3:50:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

>>>>move off 6/16 lows which was 38 spx points. I'm calling wave top 3 @ 1167 7/8/98. If we pull back here to 1167 top of wave three for the Sadie Hawkins dance and do a 38 spx move because Greeny sezs something like Irving Fisher, that would put us @1205<<<< Here is another possible slant on the 1205 #. You can Interpret the 10/28 low to the 12/8 high Wave 1 of the final move. If you added that gap to 1074 low of wave 4 you would have 1205. bwdik, bb