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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 (23012)	8/2/1998 9:25:00 AM
From: Kip518	Read Replies (1) \| Respond to of 94695

Anybody been watching Else Klensch's Style shows on CNN lately? The runway in Milan is almost nothing but long skirts (some down to the ankles!!). Does anyone remember which league won the Super Bowl last January? And, what about that old biblical wisdom -- seven fat years is always followed by seven lean years? If we're going to credit the bear/bull analysts ratio as meaningful, how can we forget some of the best predictors? <gg>

To: William H Huebl who wrote (23012)	8/2/1998 10:41:00 AM
From: set	Read Replies (2) \| Respond to of 94695

Bill I'm not responding to sentiment at all. I may be fanning its flames, but I can't be moved by pundits here or elsewhere, as their comments seldom make any sense to me. Of course when somebody does begin to make sense that person becomes dangerous. I'm just looking at some charts. GM is at the top of a trading range and should make at least an attempt at symmetry. LUV has just returned to its trend line after falling below it for the last few months, and appears to be tracing out, albeit with a delay, what the XAL has already done. YHOO and MSFT based poorly the last couple weeks, and then started rolling over as I though they would. CPQ, in my view, went too far in its recent peak in mid July and recovered too fast from the fall that followed it. That's either spectacularly bullish (it's going to 45 this month) or very bad (it's making a rising wedge along the lines of what CY did last year). GPS, a staple, has just made an uncharacteristically large break. So, for CPQ, YHOO, MSFT and GPS there could be a mega surge coming, but it wouldn't be the sustainable kind. GM and LUV, I think, won't participate. We'll see. Shahar