Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (14965)	3/13/1998 6:00:00 PM
From: Mike McFarland	Read Replies (1) of 94695

I enjoy and appreciate your comments Jim, however I wonder if we aren't in for some awfully choppy times in the next few weeks. I am counting on a pullback by the end of March, perhaps coming as early as next week: When I look at the Dow chart in the money and investing section of the Journal I see an awfully steep line up since back in mid-January--with no real breathers along the way, really amazing. Seems like a loss of a few hundred points on the DOW would be pretty reasonable about now, ahead of the final rush of IRA money in April. So, what do you think, a pullback of maybe five percent? Until I see a dip at least as big as that I'm pretty much out of this market. Having thrown a few good darts during that run up I don't feel any pressure to stay on the ride, besides, I always get sick to my stomach when the coaster rounds the top of the hill and you float off the seat.

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