Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: IQBAL LATIF who wrote (8247)	10/29/1997 9:38:00 AM
From: Tom Trader	Read Replies (1) of 94695

Hi Iqbal--with all due respect, I think that you are premature in declaring victory. I have never espoused the philosophy of the Kahunites conviction that the market is due to collapse. But to interpret yesterday's bounce in the US and overseas market as vindication for your position prior to the decline seems premature. You have always said that you follow what the markets say--so what are the markets really saying at this point? We saw a 13% water-fall type decline in the US markets and a disastrous decline in the SE Asia. I think we need a week or two to know where things are really headed. Regards

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