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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 (29637)9/30/1998 10:55:00 PM
From: Joseph G.  Read Replies (2) | Respond to of 94695
 
Globex not only can change, it will most definitely change ...

Anyway, who cares about a few points on Globex?



To: William H Huebl who wrote (29637)9/30/1998 11:08:00 PM
From: Andeveron  Read Replies (2) | Respond to of 94695
 
>> Checked Globex lately??? <<

Globex, this early in the trading night, is inconsequential. There have been evenings where the S&P futures were up 1280, only to close up 200 by market open. Then there have been those tentative nights when Globex was down 2280 to close up 200 by market open.

When the European markets open up, Globex should reflect the sentiment better.

I see an up day tomorrow. Figure the Dow regains 80 points within the first hour of trading and the Nasdaq bounces up in tandem by 20. A lot of buy the dips... Have no idea if it'll hold...



To: William H Huebl who wrote (29637)9/30/1998 11:26:00 PM
From: j g cordes  Read Replies (3) | Respond to of 94695
 
Tomorrow willbe up.. foreign markets are reversing initial selloffs. If there is poor news on any particular hedgefund, the selloff will reverse by noon. Dow 7750 is a loose target for support on this leg down on Fed dissapointment and earnings. Guesstimating we're up about 84 points tomorrow.



To: William H Huebl who wrote (29637)10/1/1998 12:11:00 AM
From: bobby beara  Read Replies (1) | Respond to of 94695
 
Bill the first big flush came after the OEX **=where the big money resides=** broke it's neckline on 8/27 on big volume.

beara sezs next big flush in progress. oex touches neckline (and 200dma) on 9/23 reverses hard and is sitting on uptrendline from 9/1 lows.

when we break that trendline, the next big flush will stink up the place -g-

bb