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


To: Bull RidaH who wrote (24313)8/14/1998 1:38:00 PM
From: P.T.Burnem  Read Replies (1) | Respond to of 94695
 
To all: note that the market is holding up relatively well in the face of major earnings disappointments (DD yesterday; TLAB+CIEN, T+TCOMA today). It looks as though, absent some freak event, the next 5% move is going to be up.

PTB



To: Bull RidaH who wrote (24313)8/14/1998 2:37:00 PM
From: Paxb2u  Read Replies (1) | Respond to of 94695
 
David,

Correct me if I'm wrong, but are you indicating that (in DOW terms) we'll get a bounce back beginning some time next week which will reach the 8700---8900 before heading back down again???

Thanks in advance,

Peter :o)



To: Bull RidaH who wrote (24313)8/14/1998 3:30:00 PM
From: bobby beara  Read Replies (1) | Respond to of 94695
 
Good job, David. A close on the SPX below the 200 dma today will be a nice set up for a little kahuna on mOnday.

bb



To: Bull RidaH who wrote (24313)8/17/1998 9:38:00 AM
From: Oeconomicus  Read Replies (1) | Respond to of 94695
 
Thanks, David. Got out of my SPX puts Friday at a modest 2 point profit. Can't watch closely this week (I'm on my brother's computer now, but my wife is probably getting pissed), so I guess I'll just have to be happy with that.

I appreciate your timing tips. Save 5 of 5 for me for next week, OK? ;-)

Regards,
Bob