Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (16724)	4/17/1998 7:10:00 AM
From: Tommaso	Read Replies (2) of 94695

More than 6.5 billion dollars went into equity funds last week: amgdata.com (click "news") The marketgauge indicators are mostly neutral with a few bearish and a few bullish. I judge this not to be a turning point. Of course, if the mutual fund managers panic and try to raise their cash levels even one percent on average, that could take the market down. But the public is evidently still euphoric. With regard to the violent fluctuations in money market mutual funds over the last two weeks, I would imagine that that has to do with paying income taxes. It does look like a down opening today, but I will be happily surprised if it persists. My guess would be 80 points down near the opening and then a struggle back to where it all started.

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