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


To: William H Huebl who wrote (36129)1/6/1999 9:29:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
Bill, the mania is growing in leaps and bounds. As I am trading stocks and not the market it makes little difference to me if the DOW is 10,000 or 9,600 except to general knowledge.

For example VSH was $30 a year ago and now it is still around $14. Profits and sales are better than a year ago.

Stocks that I trade went down 2 to 3 points from their intraday high toward the close.

The interesting thing to mention is that the market as a whole is holding up because the metals and oil stocks started to rally and they are part of the averages.

Usually this is a sign of a market top.

As all manias are concerned this one will end unexpected as has the Silver market or oil market in the early 1980'ths.

I still remember the prediction of doom regarding oil shortage 18 years ago. Inflation adjusted one barrel of oil was priced at $60 to $70 then and it is $11 today.

BWDIK
Haim