Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bonnie Bear who wrote (7602)	10/27/1997 7:03:00 AM
From: bearshark	Read Replies (1) of 94695

Bonnie, this string has become more negative than usual. Bear markets begin politely and then drop like a rock when everyone has given up. After 15 years of a bull market, I think there will be a good deal of resistance. I looked at the Globex numbers and they do not appear consistent with the results of the Asian and European markets at this hour. If we would have had a 300 plus DJI drop on Friday, I think there would have been some serious discussions over the weekend between mutual fund holders--just like 1987. However, we just had the typical 150 plus move. I would not be surprised to see an up day in the DJI today. Whatever happens, I will be home much of the day to watch it.

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