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

To: Haim R. Branisteanu who wrote (32400)	10/25/1998 7:30:00 PM
From: Bilow	Read Replies (3) \| Respond to of 94695

Hi Haim; I think it is probably a good time to start shorting the Nasdaq leaders, with an expectation to cover within 2 weeks. The four stocks I primarily trade, CSCO, DELL, INTC, and MSFT all have made lower lows on their yearly charts, and if the market turns in the next few days, will have made lower highs. Looks like a bear continuation to me: tscn.com tscn.com tscn.com tscn.com -- Carl

To: Haim R. Branisteanu who wrote (32400)	10/25/1998 7:42:00 PM
From: Tommaso	Respond to of 94695

For the time being that surprise Fed rate cut has encouraged buyers to resume putting money into mutual funds on balance (amgdata.com), so we may be in for some boring and indecisive sessions for the next couple of weeks. I hope not, but am hunkering down for boredom. For the last two years the Fed has been second-guessing the economy and trying to stave off a severe recession in advance--and in so doing has financed a puffitude. I was much impressed with Joe G.'s quote on the Naked Truth thread: "If speculators could find unlimited credit, one can't tell what crises would ensue." James de Rothschild, banker The American public has been provided with the best simulacrum of unlimited credit in the entire history of the Republic. I am STILL throwing out credit card offers every day, and offers to lend me 125% of the equity of my house. A dismal fact: the parents of a friend of mine have been predicting a market crash for years, but both of them died over the past 2-3 years. I am hoping that my health is fundamentally better than that of the economy!