Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bearshark who wrote (17271)	4/25/1998 11:05:00 AM
From: Byram	Read Replies (1) of 94695

So....IMO I may be making a mountain out of the molehill.....and I am NOT saying this is the BK....although I do think that we are on the forward edge of some down days....But:::::::::: 1) The Blue chip trend in DOWN - IMO 2) Fed threatening to tighten if Asia Flu doesn't slow us 3) CNBC is saying Down (Don't laugh -they may be amatuers to educated traders but the masses buy/sell accordingly - I can state indicators of this) 4) Moneymanagers telling folks to withdraw 40% - 50% of portfolios (CNBC) 5) Many are over-extended into the market - Leads to irrational selling - My opinion 6) "Threat" of $20 oil by OPEC TA and market data are most valuable in making educated trades - but we all should be aware that news, news events, public opinion has direct influence in the market. Obviously usually we can't "guess" the real news - But we should make allowances for it - and hopefully be ready to act on it....... GREAT trading to all....... Byram

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