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 (23110)	8/3/1998 4:18:00 PM
From: Terry Whitman	Read Replies (2) of 94695

Trader Nick is blaming it all on the Bubba situation: decisionpoint.com I think you can take any recent event and explain the market's action by it. It always amuses me to read the daily market summary in the newspaper and get the analyst dujour's explanation of the cause of the day's events. I bet they have a big file of canned commentaries, and they fill in the blanks with that day's events. Example: Analyst ________ of _________ securities commented that today's _____ (rise or fall) is due to investor's reaction to the_____ (good or bad)________ (gov't report or other news event). How did I get off on that tangent? Anyway, the trend to me looks like continuing down. No end of the month buying- Terrible new high/new lows, and bearish breadth continue. Internuts appear to be in real trouble now, YHOO split couldn't even stimulate buying. I bet the "Wade Cook'ers" got ate up on that one. Long is still Wrong until a bottom is found. Buy the dips if you dare, but I'm selling the rallies till I see some improved technicals. Anyone ever answer that previous question about bearish sentiment in a bear market? My guess is that bearish sentiment would have to increase to a majority to turn the tide. BWDIK TW

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