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Strategies & Market Trends : Waiting for the big Kahuna

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To: bearshark who wrote (11411)12/12/1997 12:58:00 PM
From: GROUND ZERO™  Read Replies (1) of 94695
 
bearshark,

Agreed. Supports are failing all over the place. Unless we turn around later today, which I doubt right now, the next area for an excellent bottom is around 7550 intraday. The NAZ looks like it really wants to test the October lows. Some stocks are actually doing well. Thank goodness for that. Bonds make me happy.

I believe the U.S. equities will be the greatest benefactor of the whole Asian situation, but it will take time for the dust to settle and for this to become apparent.

GZ
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