Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (34249)	11/23/1998 9:46:00 PM
From: Greg Jung	Read Replies (1) of 94695

Bobby, under normal circumstances the secondary issues lag the rallie in the big caps, if they are to participate. The russell 2000 made a less than 1% move today while the majors ... My guess is a profit-taker day tomorrow with minor upside in RUT, then wed & friday might have larger gains in the smaller issues. The DOW was destined to break record since IBM is +30 points since the last high. If we continue with ignorant bliss the financials component has more room. So 10,000 is certainly only a few big days away. If all we can do is rally the DOW stocks to higher highs then my allocation is all wrong. According to James, we should see a strong speculative run-up from the money chasing the last stocks left, the illiquid small caps. I'm hoping I can take profit as that is played out, and maybe for once be ready for the next move. Greg

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