Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: RLM who wrote (8787)	10/31/1997 5:42:00 PM
From: Bilow	Read Replies (1) of 94695

Stocks haven't been going up since Tuesday. They have been more or less steadily declining. Each day's new low was lower, and each day's high was lower than the previous day. Are you saying that because the market didn't crater under these circumstances it must therefore go up? It seems to me the trend is clearly down. This is true if you look at it day to day or week to week. The wreck on Monday was preceded by a series of lower lows and lower highs. Why is it that the series of lower lows and lower highs we are now experiencing is going to lead to an up day on Monday? Please expound at length. Note that the American people, particularly the investors, already assume that everything said by Clinton is either unimportant or a falsity; I really don't see where he could possibly convince anybody to buy stocks. Speaking for myself, I wouldn't buy a used dollar bill from him, much less a car. -- Carl

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