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

To: yard_man who wrote (29220)	9/28/1998 4:15:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 94695

Agree. What was the scariest is the 700+ TICK near the close and it could barely hold the indexes up. Not sure what to make of it. Does it show the weakness in the market or that they will be buying heavily on the open? MU reports in a little while. The CC should prove interesting for the Semi and PC sector. Not too interested in their numbers since MU cooks their books so they can make it say what ever they want but if they give an upbeat CC, could get one last bounce out of those sectors for a nice chance to buy puts <g> Also looking at some of the bigger players, CCI made a nice head and Shoulder on the 12 minute chart and the SPX and OEX are close if you hold your head and squint just right. Fed meeting tomorrow should prove extremely interesting. Good Luck, Lee

To: yard_man who wrote (29220)	9/28/1998 4:17:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

tippet, Yeah, I suspect we'll get a sell off no matter what AG does or doesn't do. I think we've reached a trading range high. The old saying about buying on rumor and selling on news applies here very well. We have what looks like reversals in the NAZ, I've yet to take a good look at it. I would look out below!!! (for a while) The DOW rally was just that, a DOW rally - a rally of blue chips mostly. If we sell off big, I'll be looking for some bargains. GZ