Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (17432)	4/27/1998 4:47:00 PM
From: Oeconomicus	Read Replies (2) of 94695

I do expect a bounce base on the mere fact that the selloff was taken so much in stride and even was praised as healty. Buying was quite impressive toward the end of the day, there is lots of money on the side lines. Haim, wouldn't the contrarian view see the total lack of fear as reason for further downside? The dipsters rush in before even a 5% correction now - they didn't even wait for a panic-selling down spike before buying this time. The NYSE didn't even hit 700 mil shares. Didn't even dent the complacency in the market. We have much further to go before this is over - any more of a bounce than we already had this afternoon will be small and short lived IMO. The dipsters will get burned this time. BWDIK? Bob PS: Is there really "lots of money on the side lines"? What data do you base this on?

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