Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Kip518 who wrote (20165)	6/12/1998 12:28:00 PM
From: Barbara Barry	of 94695

Kip, Yikes!This is worse than I thought.If we don't recover some we could see another 400-500 down,based on what is going on with the oex and spx.IMHO this action if sustained next week will also create some margin calls...hope not for me!Seriously,I think apathy and lack a buyers has set an early summer tone.Today, my best guess is any recovery will be short lived and weak.According to cnbc the selling pressure is not over based on the low volume and that makes sense to me.Of course there are plenty of other indicators,but that simple and direct.I did my usual check with the mgr at Quick and Riley..he said up till now there have been buyers come in all year on these dips and lately the phones have been dead.FWIW Regards, Barbara

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