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Strategies & Market Trends : Waiting for the big Kahuna

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To: Temple Williams who wrote (19962)6/7/1998 5:19:00 PM
From: Follies  Read Replies (1) of 94695
 
Okay you two, lets get back to market talk.

I am very concerned about the market. We have rallied off of an oversold state but is there enough buying pressure to make new highs in the near term? If we don't I would have to say the bull is in critical condition if not dead.

Fund inflows seem okay.
Asia keeps getting worse.
Nikei breaking 15000 could be big trouble.
PC sales seem weak, certainly the high margin upgrade path for INTC ain't there.

A blow off top coming or drift lower or consolidation?
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