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To: KeepItSimple who wrote (58977)	8/27/1999 8:56:00 AM
From: TRINDY	Read Replies (1) of 86076

K.I.S and all. A lot of renewed bearish talk around here after the market close. Yesterday was a welcome relief from this mass hysteria, but we have to recognize that there is still considerable momentum underlying this market. Maybe we have seen the peak, but I doubt it. It will take more than one day's downside to get traders cautious. Even the TRAN is in a new bullish mode in my estimation, and recent declines in energy prices shouldn't hurt either. Utilities turned up strongly last week. Breadth is still very weak and there is a mounting divergence between the DOW/S&P 100 in comparison with the mid-cap 400. These are not rummy companies in the 400 and still we are seeing dramatic divergence. So, I'm in the camp of "things are really different this time" and expect weakness in the future. I hope near future. In the meantime, this market still appears quite asymmetrically strong. BWDIK?

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