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

To: GROUND ZERO™ who wrote (31822)	10/16/1998 11:10:00 PM
From: bearshark	Respond to of 94695

Hi GZ: You are correct about a reading of 15,000. That should be around a top and an opportunity to sell, short, or buy puts. We had a near identical setup to this move in January 1998. That moved us about 1700 DJI points. New highs wouldn't surprise me either. In this market, no one should give you flak for saying anything. We are overpriced now and we are going to get more overpriced--at least in my book. But who cares? The market is going up. This thing will come down eventually, and when it does, I will be moving with it. I've been doing it for 30 years.

To: GROUND ZERO™ who wrote (31822)	10/17/1998 2:03:00 AM
From: Moominoid	Read Replies (2) \| Respond to of 94695

I agree that the Dow will test 9000+ again. My feeling is that the test will be unsuccessful. David

To: GROUND ZERO™ who wrote (31822)	10/17/1998 10:31:00 AM
From: bearshark	Read Replies (1) \| Respond to of 94695

Hi GZ: It appears that we are going to have a test of our baby bull this coming week. A number of indices are at key points now or soon to be. We should be able to gauge the health of the new-born shortly. Everything I have says this is a strong move. However, I would not be surprised if I have been suckered into a bear market rally. If we have a flat correction to this move or a mild decline, I will probably be adding to my positions on the weakness. I think the correction to this move began on Friday afternoon and should end by Tuesday or Wednesday. After that, if our baby bull is to survive, we need to pick up the small money. I will be watching very closely. This bloated market needs a steady inflow of funds to get it fatter.