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

To: James F. Hopkins who wrote (22168)	7/23/1998 7:31:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

What the market will do - one reporters opinion. I believe we will find support tomorrow morning at 1130 and retrace to 1156 to make the B wave, then we will drop into 1074 on Monday am for the C wave. That is unless something hits the fan in DC or Japan. bb

To: James F. Hopkins who wrote (22168)	7/23/1998 7:59:00 PM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

Jim, I don't know what YOU are smoking but 28 million shares and a gap that ITSELF was 5% plus coming in 46% BELOW earnings estimates.... now Jim, ya gotta go more than the DOW. And wasn't it YOU that was saying that BA was going up. Why all you have to do is to look at the 200 day MA and THAT will tell you something. No SIREE, give me some stock that is in an uptrend and MAYBE I will go into calls tomorrow... if 8,850 holds on the DOW. (1120 on SP500) Bill

To: James F. Hopkins who wrote (22168)	7/23/1998 9:43:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 94695

Hi Jim, The doctors office called and I passed the test! Another year before I have to get all stressed out again. IMHO! If anyone wants to buy dips, they had better be very nimble selling into any rally. Here is some very interesting observations to me anyway. Tell me what you think. On or about 4/21/98 most of the major indices made a new high. This is how they looked in relation to the 200 DMA (Issues > expressed in %) NYSE NASD NASD100 S&P100 S&P400 S&P 500 S&P600 S&P Top 50 61.2% 48.9% 71.0% 86.0% 77.3% 82.4% 72.0% 100.0% Then on or about 6/16/98 the major indices were at beginning of this last run up. This is how they looked in relation to the 200 DMA (Issues > expressed in %) NYSE NASD NASD100 S&P100 S&P400 S&P 500 S&P600 S&P Top 50 42.7% 32.8% 52.0% 65.0% 48.8% 59.8% 42.2% 90.0% Then on or about 7/20/98 the major indices made a new RECORD high. This is how they looked in relation to the 200 DMA (Issues > expressed in %) NYSE NASD NASD100 S&P100 S&P400 S&P 500 S&P600 S&PT50 49.7% 37.4% 62.0% 71.0% 56.5% 65.2% 47.8% 94.0% Here they are as of 7/23/98 (Today) NYSE NASD NASD100 S&P100 S&P400 S&P 500 S&P600 S&P Top 50 41.9% 32.0% 55.0% 58.0% 45.3% 56.8% 41.8% 86.0% Now, look at YOUR Top 50 %ages plus the OEX and I think this again confirms your theory as to where the money is going and your statement concerning the Index Funds. Now, remember that on or about 4/21/98 most of the major indices made a new high and on or about 7/20/98 they made a new RECORD high. My question is this. How does this happen when on 7/20/98 there were 10%-20% more of the stocks making up each Index below the 200 DMA!! :-))) Monty PS The McClellan Summation Index (Based on NYSE Adv less Dec Issues) confirmed the sell signal I got on the Nasdaq 3 days ago!! IMHO this is NOT OVER! BWDIK