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

To: GROUND ZERO™ who wrote (31785)	10/16/1998 7:09:00 AM
From: HairBall	Respond to of 94695

As per my post last Saturday, I indicated the Market as measured by the Dow Industrials had begun a rally from the intra day lows of 10/8. My personal Technical Indicators only portend direction and do not give price points or duration. I would recommend CAUTION, as this is a BEAR RALLY, for now! In my opinion any long positions should be traded with this in mind! Much further upside price movement has to occur before this bear rally can be converted to a return to the Bull! A rate drop of 25 basis points was expected this month, by many. I for one! As well as another 25 basis point drop next month. I do not find it odd that GS made the cut at this time. Heck it makes since to me, after all my TA Models use MARKET MANIPULATION as the primary premise. I don't know how he does it day in and day out but Donald Sew's INDEX UPDATES may be more important than ever. His guitar strings have got to be stretched close to the limit. However, I would not expect a snap back, as that could cause a break. Maybe a pullback is in order while the Market goes through the traditional digestion of the news. I think I should leave expectations of his forecast to him! <g> The Market may well be in for some more WILD SWINGS, once (if) this bear rally begins to top, be prepared! Heck, I can't think of a better way for the Big Boys to pick the pockets of the individual investor! Traders be nimble and Traders be quick and don't get burned by the Greenspan Candle Stick! <g> JMHO BWDIK Regards, LG