Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Gersh Avery who wrote (31439)	10/13/1998 1:33:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

Gersh; What's supporting the S&P today is the big cap "non tech" Ge, xon, pfe, mrk, bac are all up, but they are "not" up on big volume, and they balance the S&P index while msft, csco , wcom , intc,dell are all off on very heavy volume. This is funds selling raising cash but trying not to crash the index and cause a panic, so while the S&P looks to be holding it's own, the selling is on volume , the buying is not, but the index itself don't show that. It's more negative than it looks. Jim

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