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

To: Monty Lenard who wrote (37779)	2/27/1999 3:09:00 AM
From: Berney	Read Replies (2) \| Respond to of 94695

Monty, come'on, how many of those are even close to the Big Boyz that control this market. It continue to amaze me that you have not learned what Jim learned long ago, the Big Boyz control this market. I've spent enough effort and money fighting this principle. Jim was talking about the head and tail a long time ago. It didn't take a disabled student to pick this up. Any effort to the contrary represents fighting the tape, which I've come to understand is a losing proposition. I continue to submit that we are simply in a trading range. Much effort and time is spent on this thread to dictate otherwise. However, I've been wip-sawed enough over the last few years to appreciate that the Market is in a trading range about a third of the time. I'll say to all, turn off CNBC, what is different now? Berney

To: Monty Lenard who wrote (37779)	2/27/1999 10:36:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 94695

Monty, there is a ton of distribution going on here, a flurry of stock splits, big volume in the nasdaq and nyse thru January with one market standing in place and the other driven by 5 issues. The Nasdaq has a picture perfect Head & Shoulders pattern with volume big on the left shoulder and declining on the right shoulder. We should break the base on one of those 1 billion share dayz, then look out below. Beware the ides of march. As I mentioned in my post this period of the 9 month cycle is characterized by bearishness (both in late 8/97 & 6/98), which creates a foundation for the final run-up. I hear many bears looking for another leg up - terrible sentiment. The posts on the Amazon thread are largely about EBAY going to 500 -g- The AOL chart is very ugly, a wide rising channel off of a big pole. Look at the AOL chart in May/June of last year, a nice declining parallel channel bull flag, created by the skepticism of the period, however there is no skepticism here, AOL is the "must have internet stock" - clear topping sentiment. A nice analog for the aol chart, is the C chart into July 20th. The very clear 5 wave move up in EBAY could be the first wave of a five wave move in EBAY and indeed take it to 500 something, however the chart patterns of the other majors does not support this idea. I believe if you see a nice big black engulfing candelstick in EBAY, it would be an excellent short. bwdik, bb