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

To: Death Sphincter who wrote (38110)	3/9/1999 3:44:00 AM
From: Step1	Respond to of 94695

OT OT* Vaiting for ze big Kahuna.... OT* on Alcoa What the bloody vampires are up too while the masses are on glue... (Who was talking about the markets and poetry??? Anyway just for the fun of it , was looking around on the net and found this: Jan 08, 1999 (6:02 PM ET) - The Motley Fool Evening News Aluminum heavyweight Alcoa (NYSE:AA - news) leapt $7 7/8 to $85 1/8 after posting Q4 EPS of $1.19 per share, which was $0.13 ahead of the First Call mean estimate. The firm also set a two-for-one stock split, increased its quarterly dividend 50% to $0.375 per share, and announced plans to repurchase 10 million (pre-split) shares... Alcoa upgraded by Prudential - Briefing.com - 7:00 pm on January 11 99 Alcan Aluminium upgraded by Merrill Lynch - Briefing.com - 4:36 pm 11 99 - 13-Jan-99 HAMPEL SIR RONALD Bought (P) 92 Common 84.81 $7,802 13-Jan-99 HASSEY L PATRICK Sold (S) 37,642 Common 83.50 $3,143,107 13-Jan-99 HASSEY L PATRICK Exercised (M) 41,800 Common 66.13 - 13-Jan-99 PIZZEY G JOHN Sold (S) 37,940 Common 83.50 $3,167,990 13-Jan-99 PIZZEY G JOHN Exercised (M) 41,800 Common 66.13 - 13-Jan-99 TURNBULL G KEITH Sold (S) 22,851 Common 83.00 $1,896,633 13-Jan-99 TURNBULL G KEITH Exercised (M) 26,200 Common 66.13 - 13-Jan-99 EDWARDS EARNEST J Sold (S) 16,685 Common 83.25 $1,389,026 13-Jan-99 EDWARDS EARNEST J Exercised (M) 18,600 Common 66.13 - 13-Jan-99 KELSON RICHARD B Sold (S) 47,413 Common 83.25 $3,947,132 13-Jan-99 KELSON RICHARD B Exercised (M) 52,800 Common 66.13 - 13-Jan-99 FISCHER RICHARD L Sold (S) 47,359 Common 83.25 $3,942,636 13-Jan-99 FISCHER RICHARD L Exercised (M) 52,800 Common 66.13 - 13-Jan-99 BERGERON GEORGE E Sold (S) 47,028 Common 83.25 $3,915,081 13-Jan-99 BERGERON GEORGE E Exercised (M) 52,800 Common 66.13 - 13-Jan-99 HIGGINS PATRICIA L Sold (S) 23,439 Common 83.25 $1,951,296 13-Jan-99 HIGGINS PATRICIA L Exercised (M) 26,200 Common 66.13 - 13-Jan-99 SLAGLE ROBERT F Sold (S) 47,413 Common 83.25 $3,947,132 13-Jan-99 SLAGLE ROBERT F Exercised (M) 52,800 Common 66.13 - 13-Jan-99 PURTELL LAWRENCE R Sold (S) 29,621 Common 84.94 $2,516,007 13-Jan-99 PURTELL LAWRENCE R Exercised (M) 33,400 Common 66.13 - 12-Jan-99 TURNBULL G KEITH Sold (S) 23,279 Common 86.32 $2,009,443 12-Jan-99 TURNBULL G KEITH Exercised (M) 26,200 Common 70.75 - 12-Jan-99 BERGERON GEORGE E Exercised (M) 4,357 Common 69.78 - 12-Jan-99 BERGERON GEORGE E Exercised (F) 3,777 Common 86.06 - 11-Jan-99 HASSEY L PATRICK Sold (S) 36,525 Common 85.75 $3,132,018 11-Jan-99 HASSEY L PATRICK Exercised (M) 39,400 Common 70.75 - 11-Jan-99 EDWARDS EARNEST J Sold (S) 15,224 Common 85.43 $1,300,586 11-Jan-99 EDWARDS EARNEST J Exercised (M) 16,400 Common 70.75 - 11-Jan-99 FISCHER RICHARD L Sold (S) 39,386 Common 87.38 $3,441,548 11-Jan-99 FISCHER RICHARD L Exercised (M) 42,575 Common 70.75 - 11-Jan-99 BERGERON GEORGE E Sold (S) 42,323 Common 85.63 $3,624,118 11-Jan-99 BERGERON GEORGE E Exercised (M) 46,000 Common 70.75 - 8-Jan-99 HASSEY L PATRICK Exercised (M) 8,879 Common 65.85 - 8-Jan-99 HASSEY L PATRICK Exercised (F) 7,808 Common 84.03 - 31-Dec-98 DAM KENNETH W Holdings 2,700 Common - - <<< Notice the amount of shares the insiders started selling after the upgrade announcements; notice what AA did to the dividend before the insiders started dumping; notice how many positive PRs were put out; And this is all legal of course... More glue anyone? <<< I am usually a lurker on this very good thread here, just thought I might contribute this piece. sg

To: Death Sphincter who wrote (38110)	3/9/1999 5:54:00 AM
From: Arik T.G.	Respond to of 94695

Death Sphincter, I see you're going to kill this bull with body odors. I agree there's some disagreement between NASDAQ and NYSE charts and counts. The bearish count on the Naz (ABC correction to the 2/1 - 2/18 down move) could be negated by price action - low 2420s should end the C, is 2450 enough to void that count? I fail to see a bearish count on the SPX. Try #1'- 11/27 top ended 1, 1/8 ended 3 and 2/1 ended 5 ? Then the corrective ABC ended on 3/3 and a new impulse started. Try #2 - 11/27 ended 1 , 1/8 ended 3, 2/10 started a diagonal 5? Then 2/12 ended 1 of 5, 2/18 ended 2 of 5, 2/24 ended 3 of 5, 3/3 ended 4 of 5, and a marginal new high today or tomorrow (today will make 4 of 5 of 5) is all she wrote. But on 3/3 the SPX went lower then 2/18. In fact, the only difference I see on the SPX between 4-6/98 and 1-3/99 is that in 98 it was a slightly decending bullish flag or wedge, and now it is slightly rising. Looking at the Russell 2000 from the 4/98 peak the wave count is painfully clear - A clear cut 5er from 4/21 top to 6/15 is 1, then correction to 7/16 while the big caps went to new highs, then a VERY clear 5er to 10/8 being the 3, and now we're in C of 4 that should not pass 430. The next down move (5) should take us at least to the October lows. Taking a closer look makes me think that the Russell is just endind 2 of 5, after 1/20 top C of 4, and should turn down soon to break the H&S neckline at 391. Now the NASDAQ peaking on 2/1 could be just like the Russell peaking on 4/21/98, and while the Dow is leading the SPX to new highs, the Naz could only correct sideways, and wait for the next down draft to lead the market lower. The Naz and NDX have approached an area of resistance (NDX 2037-2065, Composite 2405-2450). A sharp turn could spell trouble. ATG