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

To: bearshark who wrote (34191)	11/23/1998 2:04:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

bearshark, I can not stop being surprised by the run of AMZN, YHOO, Ebay and the like. Haim

To: bearshark who wrote (34191)	11/23/1998 3:18:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

GZ; I also have a strong dip signal, S/MMs are taking up short positions since about noon today, it may be several days playing out, but the signal says we go down early next week, ( maybe just a dip but who knows ) The currency markets are acting strange and much manipulation going on there. Since the first rate cut the dollar has fell 14.9% then regained some it's now off 10.5% , on an average against the pound, yen, Eu , and SDR, ( special drawing rights ) . While our market has gone up dramatically in our eyes, foreign investors have not seen it the same, if they pull out the dollars they get roughly 10% less than they would have before the rate cuts. ------------------- Foreign investors buy a lot of our BIG BLUE Chip stocks, the dollar went up this morning, and much of a rebound in the dollar will tempt them to take profits, in a way the falling dollar locked them in, but now it's gaining back so they may soon want out. All that aside the tick went negative about 12:30 and the Specialist are propping up the index as they take short positions. In as much as we import more than we sell , look for price increases to work their way into most imports. Inflation lays somewhere ahead. Jim

To: bearshark who wrote (34191)	11/23/1998 5:11:00 PM
From: GROUND ZERO™	Read Replies (4) \| Respond to of 94695

bearshark, This is a new kind of bull market and a runaway market at that. *I think 200 plus point days will soon be commonplace.* I've seen this kind of market action before in many of the commodity futures markets, but never in the equity markets. This is a classic W bottom and a runaway market, we could yet rally another thousand points or more and blow through 10,000 before any pull back, within weeks. Now, pass that glue back over here..... GZ