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Strategies & Market Trends : Waiting for the big Kahuna
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To: Mark Nelson who wrote (8240)10/28/1997 4:27:00 PM
From: IQBAL LATIF  Read Replies (1) of 94695
 
Mark- Market was in grip of recessionary fears- all hell breaking loose- I need strong numbers now- with world capital markets down to some what 1995 levels we will be looking for stronger numbers- this is a situation where market depedancy on numbers is diverged in my opinion. Look at bonds they tell you the story- falling bonds and a rally- clear indicator of smart money coming in- I doubt it very much that bears are going to get this time there positions on a platter- lot of people are short and caught short - for me the party has just begin.This is a new bull leg of a long uptrend where 8000 is not far.
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