Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (9707)	11/14/1997 5:39:00 PM
From: Real Man	Read Replies (1) of 94695

If we go above 7800 on DOW, I will agree. Otherwise, it's just whipsaw. I'll probably buy treasuries if they sell off once the stocks rise. Between 7,000 and 7,800, I think bears or bulls can't claim victory. Current price/book and price/sales are insane. This does not prohibit stocks from going higher. But we are still within the bear channel, which started in August. The top is around 7,800. If we decisively break it, this mania will continue. I have hard time to believe that earnings will be good next quarter, though. -Vi

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