Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Brad Bolen who wrote (30324)	10/5/1998 3:16:00 PM
From: Terry Whitman	Read Replies (1) of 94695

Have to agree- looks like panic buying in the bond market. All that cash that's come out of the market has to go somewhere. Glad I got my bond investments in last month. For the Dow theorists- New 52 week low on the Transports today. Don't forget that the transports led on the way down (which is still the direction I believe). Looks like the Transports will soon be testing their lows of last April. See chart: quote.yahoo.com^DJT&d=2ym OTOH: My NASDAQ THDMAMFP indication is very close to reversal territory (@1490). Expect that we'll probably broach this level soon, then rally back towards the 200 day MA. Something to ponder: Dow Utility index keeps setting new highs. IMO, this won't last. Wonder if folks realize that the DJU lost 68% between 1929 and 1932. They are not a safe haven. BWDIK, (just historical facts) TW

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