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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (25336)3/15/1999 11:34:00 AM
From: wlheatmoon  Read Replies (2) | Respond to of 86076
 
you trying to cheer tip?



To: MythMan who wrote (25336)3/15/1999 11:37:00 AM
From: Copeland  Respond to of 86076
 
Here's something from Daytrader God Jeff Cooper:

Fixated on a milestone

Heavy selling occurred on Friday as the Dow eyed
10,000. The program boys pushed the S&P futures to close at their lows after a
late-session rally failed, leaving us with a small sell signal.

Regardless of 10,000 Dow talk, this is an expiration week. With the popular
indices in breakout mode, we'd expect to see a continuation of momentum
immediately today, or the arbs may have a rude awakening in store for the Dow
10,000 partygoers.

By the way, I suggest those pundits who parrot that 10,000 is "just a number"
study their history. Both Dow 100 and 1000 proved to be powerful psychological
barriers that were only overcome after many attempts over many years. Of
course, we all know this time is "different," and this bull IS different. Any Wall
Street Matadors who have attempted to guess when the bull would buckle have
been gored. The Bull fighter training camp has few denizens left.

As far as today goes, any move above 1310 in the June S&P futures (SPM9)
should inspire a run for the roses.

(Note, as of this posting, futures are at 1318)



To: MythMan who wrote (25336)3/15/1999 11:39:00 AM
From: yard_man  Read Replies (1) | Respond to of 86076
 
The level of their market is complete HS, not just the jump ... their economic prospects are very dim ... that denial is what spooked me out of the Chile fund ... I'm afraid of the guilt by association thing when the stuff really hits the fan down there ... you wait and see, lots of bank here in deep doo doo from investments down there