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

To: Barbara Barry who wrote (22666)	7/29/1998 5:41:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 94695

Speaking of lisa's voodoo, the once popular indicator, trin-5, is far from signaling time to buy. At 4.80 after today's trading, it is lower than last Friday's very neutral 5.01. We'd need 2.36 tomorrow or a couple days above 1.63 to reach 6. It's only one indicator, but it sure doesn't support a bullish case. (Wasn't its last signal a sell?) Now, I guess some here are only calling for a near term, oversold rally, but I have to wonder, with so many calling for it, does that make it more or less likely? Bob

To: Barbara Barry who wrote (22666)	7/29/1998 7:37:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 94695

BB we are on critical support, sitting right on Bollinger beara band and on the neckline of an h&s pattern on the OEX on the 60 minute chart. If we don't bounce from here, next stop is SPX1074 - SOON. I have a feeling MSFT has to make a pointy reversal, not the sloppy rounded top like it's got, so I'm hoping the bulls will buy "safe" stocks like MSFT and the OEX. From now own the short side will be easier to play than the long side. The bull is dead, may he rest in peace. wanna beee