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

To: GROUND ZERO™ who wrote (28059)	9/16/1998 1:07:00 PM
From: Kip518	Read Replies (2) \| Respond to of 94695

CNBC reports neither Rubin nor Greenspan will mention interest rates in testimony.

To: GROUND ZERO™ who wrote (28059)	9/16/1998 3:31:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

GZ; The market wanted to go up, but Velvet Jaws blew it as soon as the Q&A part started, it's going to have a tough time with any rally follow through after his talk today. He laid the ground work to dodge any bullets in the future, and in effect admitted they have no earthly idea of what to do, they don't even understand the system, and now think it needs a fundamental review...sheeeet. Jim

To: GROUND ZERO™ who wrote (28059)	9/16/1998 8:34:00 PM
From: robnhood	Read Replies (1) \| Respond to of 94695

GZ,, first of all , your call so far has been great, congrats, -----now---<g> <<That objective was satisfied, and now the market only came back to test the neckline of that head and shoulder pattern, the neckline is slightly declining which I believe is irrelevant. >> Speaking of H&S & necklines..... equis.com If I draw a line from the bottoms in april right through the bottoms in june and august , to me it appears that we have just pulled back to the neckline of a H&S breakdown.. IMHO a good place for a rally to STOP... I also think that the witch is responsible for a very large part of the recent strength. For the last 3 or 4 closes there have been very large buy side imbalances, which I think are due to the witch in large part.. BIDKJS,,russell

To: GROUND ZERO™ who wrote (28059)	9/17/1998 6:40:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 94695

GZ, Re: H&S satisfied Indeed it was. the 9/1 low has completed the pattern. No further conclusions should be inferred, except that THAT down move was completed. The key support line of March- June (OEX 519-521) has IMO become the key resistance level. Only a close over this line will testify in favor of more upside to come, and until then, I'd still believe that we only got a breather, not unlike the one in August after the first leg down. Re: Overseas markets Japan looks extremely bad. After the artificial pull over the 15000 mark, it went down again and is at the low. No supports in sight. France taking a dip today under the 200 dma and currently there are no major stock market index in the world that held over its 200 dma. The NDX index is the exception, but this is a very narrow index, with MSFT, INTC, CSCO and DELL accounting together for over 50% of its total weight. Re: Bonds IMO there would be many rate cuts in the next 2 years. The bonds already reflect disinflation, but not deflation. The decoupling of bonds and equities, and also bonds and junk bonds is significant. It supports the very real deflation/recession/depression fears. ATG