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 (35200)	12/13/1998 5:47:00 PM
From: Skeet Shipman	Read Replies (2) of 94695

Hi Jim, While a few days or weeks do not a trend make, I also believe we are seeing the signs of a liquidity dry up. The volume has been decreasing on most of the stocks I watch. Combining this with equity fund outflows and a negative savings rate I believe the rally is over and there is more risk to the downside than a continuation to new highs. My most reliable indicator is predicting sideways for an extended period. Skeet

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