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

To: Berney who wrote (29116)	9/27/1998 10:28:00 AM
From: HairBall	Respond to of 94695

Berney: I don't know about Donald, but that coupled with the Globex numbers influences the open...not necessarily the day! Just like Friday....great op to buy in and ride the expected sprint back up to 8K. BWDIK Regards, LG

To: Berney who wrote (29116)	9/27/1998 10:31:00 AM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Berney; and ALL; ( OT ) Lastest navy photo of George. nrlmry.navy.mil It's gotten a lot stronger, & has not turned north , still headed dead on the Mouth of the Mississippi..ETA 16:30 for the center. about midnight 30 for N.O. area. This is a big bad himmicane..River Delta is in for big trouble. Jim

To: Berney who wrote (29116)	9/27/1998 11:14:00 AM
From: donald sew	Respond to of 94695

Berney, >>>>>>>> I can only assure that the Big move is not known, and we need only watch the EU and Japan. If the EU is up, what does that do to your progostigating effort? <<<<<<<<<< Lets take your question one step futher, and that is what is my pronostication for the EUROPE markets. I check the FTSE, FCHI, GDAX (ENGLAND, FRANCE, GERMANY respectively), and unfortunately they are in a mid-term downtrend (5-30 days), producing LOWER LOWS and LOWER HIGHS as clearly shown in the follow chart(TYPE in "." before the index name): equis.com As for JAPAN, they have just set a NEW MULTI-YEAR LOW (Use ".N225"), so it is in a downtrend. Now back to your question, if EUROPE is UP. If EUROPE is up, or JPN is up it could help push our market up. But not sure why you asked that question, since EU is not up nor is JPN. Sure they can be up one or 2 days, but for the last 20 trading days the EUROPE market is doing worse than ours. The DOW has been in a slight but steady incline producing minor higher highs and minor higher lows (which is a good sign, but not conclusive), while the EUROPE markets are setting LOWER LOWS and LOWER HIGHS. Your question is like, what if the DOW breaks 8700 to the upside - well I would say that we are back in an UPTREND, but it has not happened yet, just as the Europe markets have not moved up consistently yet, in fact they have not set in a firm bottom yet, whether its short-term or not. At least our market has set a bottom, at least for the short-term. So your question of "If the EU is up, what does that do to your progostigating effort?" confuses me. If you have seen my posts recently, I am more bearish than bullish on a subjective basis, but on a technical basis, I do not see any convincing technical proof that that the DOW will drop below 7400, or continue to run up, at this time. I am mainly voicing my opinion that overly exuberant posistions may not be healthy in this market. I have heard several times on this thread to "BUY WITH 2 HANDS or SELL WITH 2 HANDS". Frankly, your position right now for the immediatcy is similar to mine and that is uncertanty. Thats probably the prudent position. I am mainly in cash with one very small PUT SPREAD position (OEX 500/490). So, am I overly BEARISH - NO. If the market dumps I will not make alot since with a spread my profit is limited, and the reason I did a spread is that I am unsure. Also many bulls will forget, since I did say that, I am bearish, that I bought calls when the market was low - I got out too early but still made money. I am not a perma bear or a perma bull, just trying to get as many ripples as possible since I am a short-term derivative player. I believe actions is stronger than words. I really wonder of all those who are so exuberant as the BULLs on this thread are buying right now, and those who are BEARS are selling. Or are they just yapping. Im mainly in cash. Seeya