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

To: Gersh Avery who wrote (38883)	3/21/1999 8:22:00 AM
From: bearshark	Respond to of 94695

Gersh: The trading on 3/18/99 and 3/19/99 was so distorted by expiration that I cannot get any meaning from it. The distortions were large. However, many believe they see the start of a decline. So I would expect them to try to force their views on the market on Monday morning. They will run into the actual trend of the market on Monday morning. Either they will get another taste of the whipsaw, or they will be with the actual trend. Any decline should test the tops of the triangle on the INX and the apex of the triangle on the INDU. That is one thing I will be watching. The others are GE and AXP. It appears that GE has been selected as the darling of the funds. AXP was too but about a month ago. They may be doing what IBM and MRK did for 1998. Anyway, the key is the first 30 to 120 minutes of trading on Monday morning. That should show us the actual trend and the impact of people who think they see a downtrend.