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

To: donald sew who wrote (26102)	9/1/1998 10:22:00 PM
From: j g cordes	Respond to of 94695

Don.. agreed ".. So lets say that with a 430 point rebound off of the intraday lows, the NEW LOWS are still very bad at 930." Which I would attribute to dumping the biggest losers that had been worrying people prior to the plunge. They said enough is enough.. sell the &^%%%$^% stock on the next bounce... and they did. Anyhoot.. this last month shows how much sentiment plays in markets. Jim

To: donald sew who wrote (26102)	9/1/1998 10:35:00 PM
From: bobby beara	Respond to of 94695

Hi Donald, do you have data to compare percentage change in new lows from 10/27 to 10/28 as compared to the percentage gain from 8/31 to 9/1. I believe this percentage differential will show the strength of this current market. There is considerable anecotodal evidence that this is similar to the mini crash lows BUT, we need to bite into this quarter pounder with cheese and find out if the BEEF is really there -ggg- mucho gracias, bb

To: donald sew who wrote (26102)	9/1/1998 10:42:00 PM
From: bobby beara	Respond to of 94695

Sorry Don, I just saw this post Message 5648260 and given these comparisons and the amount of the drop in this short time frame, I believe maybe we haven't yet seen the momentum bottom, yet the price bottom. This recovery remains anemic, narrow and full of Dear Abbey bull. Not Good. A price break of the 940 low over the next several days will be very bad. BwdiK, bb

To: donald sew who wrote (26102)	9/1/1998 10:59:00 PM
From: Debra Orlow	Read Replies (1) \| Respond to of 94695

don, howdy from a consistent lurker. for your info, here are the new highs/lows for last Oct: 10/24-- 108 / 44 10/27-- 25 / 175 10/28-- 20 / 297 10/29-- 46 / 21 10/30-- 30 / 38 10/31-- 56 / 15 11/03-- 96 / 12 11/04-- 110 / 17 11/05-- 130 / 18 11/06-- 95 / 23 11/07-- 36 / 59 see ya

To: donald sew who wrote (26102)	9/2/1998 1:30:00 AM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 94695

Don: Looked over the NH/NL for 8/31: my newspaper lists 17 NH's for Monday and it appears that 14 of these were Utility stocks. Today I noted with the rally, Utilities were weak most of the day and finished near even. Also, there were 3 more major Wall Street institutions reporting large trading losses for the past few months(derivatives, Russia, et al.) after the close tonight,and yesterday SolomonSB reported $360M in losses; end of last week CS Boston said they lost $250M; Moneyline tonight added up $1.5B in short term losses for these firms reported the past few days. Lately been buying into bear funds, e.g. BEARX and Rydex URSA and buying some Sept puts on OEX. Could have taken some profits on puts Monday, but decided to hold on for a while longer. I see your analysis points to Sept 4 +/- for a turn down again. Will you be looking to buy Sept puts on any short term move toward the 8095 containment area, or what do you think about Oct/Nov OEX puts, even though premiums are always higher than near term. Thanks again for your help. vocex