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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (23444)8/6/1998 9:44:00 AM
From: Moominoid  Read Replies (1) of 94695
 
Hang Seng broke to new lows.

Read the title of this thread.

The Waiting is OVER!


Also selling pressure on the HK dollar. It's still not clear that there will be a "Big Kahuna" (in the US market) if that means a crash. A a slow bear market of varying degrees of severity is just as possible from now on. In 1929 the initial selloff was 15% in four weeks. In 87 7% in the same period. This time 10% in two weeks. The speed gives me the suspicion that a large one day crash (eg. 1500 Dow points) isn't coming up. But it could be...

David
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