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


To: jef saunders who wrote (22112)7/22/1998 11:07:00 PM
From: bobby beara  Respond to of 94695
 
Dell looks hot to at least retest old highs if not take em out! I would place stops when it hits old highs

>>>i also saw the $ is back up against the yen wasn't this a big concern before for the markets?<<<<

BIG concern! The YEN is the key to the world markets, if the YEN breaks 146 we will see another round of competing currency devals in ASIA. There are some big time speculators shorting the hong kong dollar and the HSI rebound has not been confirmed by the a/d line nor has the n225.

Most likely the HK dollar will be knocked off it's peg and the $USD will have to join in the competing currency deval game.

Nifty fifty crash alert. Top coming to a theatre new year this weekend!

bb



To: jef saunders who wrote (22112)7/23/1998 7:31:00 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
Jef,

While Bobby is probably right, I still would not have stepped in front of the train as you did when you bought DELL... IMHO. From a TA standpoint, DELL is turning weaker by the day. It COULD retest the 100 level today before moving back up, if at all.

I would be interested in why you thought yesterday was a good day to buy DELL. (Just nosy... )

Bill

PS Globex isn't looking all that good this am