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

To: bobby beara who wrote (27769)	9/13/1998 10:05:00 PM
From: stockycd	Respond to of 94695

The DJIA chart for the last several trading days resembles the period in August just prior to the late August selloff. My short term technicals are in the middle but pointed in the downward direction. The NASDAQ seems to be at the start of an extended uptrend. One has to use caution here though. If the NASDAQ retests the ~1472 level we have much more downside to endure. I do not think a double bottom can be maintained at ~1472. My very short-term technicals (1-2 days) are pointing down. A couple of interesting index option thoughts. Unless the MEX starts a strong uptrend in the near future, the downside drop looks very strong. The INX has entered into the short term over bought region. I expect a selloff this week with a retest of the ~142 bottom established SEPT 1. The OIX has entered to overbought region with a rally similar to the mid-Aug rally. I'm convinced if this one holds up, it's off to the races. Most people seem to expect a rally this week. Keep all eyes on South America and oil prices. Just one mans opinion. CD

To: bobby beara who wrote (27769)	9/13/1998 10:25:00 PM
From: AHale	Read Replies (2) \| Respond to of 94695

Are you still bullish on gold? I have been accumulating some way out of the money leap calls on abx, etc.