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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 (22533)	7/29/1998 7:10:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Bill - some thoughts on this bear market : spx held at 1120 (even tho jim is the first rat to perch on the ships rail :-) oex - still looks good vgy - my famous call to 447-448 looks like I should get at least a B on a beginners term paper (assuming we turn around today) Note daily stochastics have bottomed - tsv might need one or two more days to bottom. This is getting out on a limb - Things are oversold vix had a fairly strong peak at 26.88 -might carry on with diminishing volitility for 3-4 more days. Please note that Amat and Nvls acted like a short squeeze was going on all day.They were actually stronger than Intel all day.This is really unusual behavior for an overall bear market. In IBD this morning Semi equip mfrs were one of the market leaders - so were semi chip makers. I think current top is still not violated . Whole lot of bear market talk going on for no real breaking of support lines ( I smell bears and I think the woods they are in has a fence around it). BEARTRAP WARNING SIGNS SHOULD BE POSTED ! Next new round of leadership will be tech stocks.Big Caps showing strength in down market as I slowly type! (note bottoming of wg400 on tc2000 yesterday) Calls on amat, nvls, ter,cohu,vtss will be next homerun (first two big caps are where this narrow market will most likely be played) JMHO and BWDIK Have a nice morning Bob