Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (34766)	12/2/1998 1:56:00 PM
From: Jay8088	Read Replies (1) of 94695

Thank you for the timely analysis. I agree with you that we are heading lower. I think the double top is in place for the market (7/20 & 11/24). According to the election cycle, '98 should be a flat to down year. We started this year around 7600. So we may get down there by the end of this month. (It sounds superstitious, but it does fit with this current downtrend). It is also noteworthy that the second top late Nov was marked by rampant speculation on internut stocks. (In fact, they were THE market leaders!!) Perhaps more importantly, worrisome earnings picture may finally have an impact on the all time rich valuation (e.g. Boeing ).

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