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

To: Daflye who wrote (39564)	4/16/1999 9:30:00 AM
From: Monty Lenard	Read Replies (1) \| Respond to of 94695

Hi Daflye, I am sure keeping an eye on that very possibilty! When stocks like CUM, BA, CAT, EK, etc go up like internet stocks I get concerned. I hear conflicting testimony concerning broadening market at this juncture and I really do not know who is right. Capt Jim says it should happen at a bottom but the "analysts"(if you can call them that) say not so. I go with Capt Jim! One other thing that makes me somewhat bullish is Asian markets rebounding???? But I am just not smart enough to know. Monty

To: Daflye who wrote (39564)	4/19/1999 4:03:00 PM
From: Daflye	Respond to of 94695

Looks like the scenario laid out by heinz b played out. Glad I didn't get "cautiously long". Interesting that the VIX is lower than on Thurs, staying within a mid term downtrend it's been in since 1/15, but could be breaking out, short-term uptrend since 4/06. I don't think we've seen the bottom, but I ain't goin' short here. Somebody look at a three year weekly SPX chart, every major correction has brought the SPX down to it's 50dma (weekly chart), that line seems to be around 1155 right now. D