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 (25791)	8/31/1998 12:57:00 PM
From: Philipp	Read Replies (1) of 94695

Jim: Lot of panic in the market, worst I'v seen since I started watching in 96 Nothing like a real panic yet. There are still too many people buying, jumping in in hope of a rebound. Also the selling should accelerate much more in a panic. The 1000 SPX area still provides some temporary support. This is not a market capitulation yet, but we are probably getting close; tomorrow, Wednesday, who knows? We could have a mild rebound before that. Regards, Phil

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