Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: tekgk who wrote (5175)	9/10/1997 10:43:00 PM
From: Joseph G.	of 94695

TK, though I've been posting here on SI since Aug 11, 1996 that market will peak near 8k in the summer of 97, and then crash, and I considered the scenario still on track even couple of days ago, now I feel a bit uneasy about it. The reasons being (i) chart deviations start to accumulate - not very important yet, but short term dynamics is not right, (ii) seems, the Fed has started to pump in liquidity preemptively, not waiting even for a 10 - 12% correction. Perhaps there will be just a mini tech crash, rather than general market crash soon, with the general crash postponed for several months. Joe

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