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


To: donald sew who wrote (34315)11/24/1998 2:36:00 PM
From: bobby beara  Read Replies (1) | Respond to of 94695
 
Donald, very bullish action today after the big run to new highs yesterday. Consolidation/breather before the next upmove.

MSFT going to new highs is very bullish. Trans breaking out. DAL broke a very stiff resistance line today.

bb



To: donald sew who wrote (34315)11/24/1998 2:49:00 PM
From: Bull RidaH  Respond to of 94695
 
Don,

Your concerns over a shallow upcoming dip are well founded. I don't see anything substantially down coming right away. However, the upside from here over the next few weeks (and probably much longer) seems very limited based on the big picture read i'm getting. Urgency may not be a factor at the moment for the longs to liquidate, but they may very well do better in money market instruments between now and the next bull market (if they live that long!! <ggg>)

Regards,

David