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

To: Berney who wrote (34038)11/20/1998 2:38:00 AM
From: Jay8088  Read Replies (2) | Respond to of 94695
 
Ok, maybe the double top is a stretch. I was pretty surprised by today's relentless upmove. It feels like we have been experiencing nothing but fifth wave extensions for weeks! I think there is a lot of liquidity coming in to the market and chasing these crazy internet mania stocks. AMZN announced 3:1 stock split. And you can bet that stock would open gap up this morning. I do think we can turn down any time, maybe tomorrow. But I can't imagine what would trigger such reversal. For now, the short term trend is still up.



To: Berney who wrote (34038)11/20/1998 3:11:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 94695
 
Hi Berney

Up late again, I see.

Two things bug me about today (OK .. three)

First I didn't see as much buying as I was expecting .. Perhaps tomorrow will fix that ..

Second Fed fund rates were at 4.0%. It seems that nobody wants any of the new cheap money.

Third keeping in mind the above two, I finally got my confirmation today that I'm now 100% in RUT type stuff.

time to fall over .. g'night

Gersh


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