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


To: yard_man who wrote (31861)10/18/1998 7:53:00 AM
From: bearshark  Respond to of 94695
 
Tippet: We very well may be lower in a few months.

There is one thing that concerns me about the market at this time. During this rally, we have seen NYSE volume heavier or near NASDAQ volume. The options confused the picture this past week so it could not be played out. If this continues next week, I will probably be out of my positions. I believe that smaller players like us need to step up and buy. Currently, we are seeing big money buying. However, their buying is quite powerful and consistent. On Friday, the volume of advancing DJI stocks in comparison to the NYSE stocks was too high.

If this buying does not spread out to the NASDAQ this week, I would be very suspicious. I very well may be in the bear camp before mid-week.