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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 (28346)	9/19/1998 6:48:00 AM
From: robnhood	Read Replies (1) \| Respond to of 94695

<< The damage has already been discounted>> I think fridays (in fact most of the week) action did not paint a true picture, with triplewitch being the main wagger. IMHO. Many of the second and third tier stocks I follow/trade . were lifeless for 2 or more days. I think the true underlying trend could easily resume on monday, which IMHO, is down. BWDIK...

To: William H Huebl who wrote (28346)	9/19/1998 7:15:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

Bill, I think you're right about a good rally next week. The narrow trading range on Friday was left intact. I was hoping for a slightly lower close to give a gap up opening on Monday, but the traders started plussing the market with market on close buy orders from those who also saw that pattern. I like the pattern of the last two days with Friday's pattern putting a floor under the market for a while. Next week should be interesting. Sorry I didn't offer a more informative comment on those two stocks, I'm not familiar with them. Have a great weekend. GZ

To: William H Huebl who wrote (28346)	9/19/1998 9:03:00 AM
From: Tom M	Read Replies (1) \| Respond to of 94695

I don't know about a 3rd gapped up Monday in a row Bill, seems like a perfect day to start a major downleg to me with the internet brought to a crawl via web sites showing the whole video online: exchange2000.com I could see the worst online trading performance since last Oct 27/28 on this Monday if all those web sites are bombing the web with video for days. Would be a good day to delay the little guy's exit, thus making them sell a day later at lower prices, sending prices down etc. I just don't believe the slowdown of the next few Q's is discounted in the bloated P/E's of the index supporters. Even if they could hold the prices where they are, with earnings projected to decrease the next few Q's, the P/E's will INCREASE from their historic highs as we move forward. Oh, there I go with that FA again <g> headed for the beach, regards, Tom