Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom Trader who wrote (6455)	10/16/1997 5:12:00 PM
From: P.Prazeres	of 94695

Tom, I'll try to answer that tonight...but I've said before that AG wants to see the Dow stayin a trading range..maybe even as low as the 7300's... I think the overall range may take it as high as 8500, but that's about it...alot of money has rotated into the small caps...and that is good...if we start to see an excessiveness in this area then, maybe some trouble... a red flag today, though...new lows on the NYSE was 31...the highest in quite some time...I don't like to see this number go over 40...if it does and does so for 5 straight days, a more substantial correction is immenent or underway...Notice I said "correction" and not crash...individual stocks and sectors may crash at different points in time but I really think that some of the circuit breakers will work....unless a war starts somewhere...(unpredictable event). well, I just rambled on... Paulo PS...I've received about 13 requests for my weekly email commentary...no cost...if anyone else would like to receive it please send me an email to paulo@redicom.com...I'll be highlighting a value stock this week...something that should fair well in this type of market.

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