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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (42233)	7/21/1999 10:06:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 94695

Les, The number of "Facts" that can move this market higher seem to be growing harder to find. What moved that narrow batch of stocks up in March and again in June does not appear as dominant today...it's some what of an old story. Also traders are turning their attention to the fall and along with this perhaps some caution about the future. But the economy is strong and other factors are positive... So without any strong news to move the markets they should drift in a trading range for some time. I believe the market is at an Apex....and a very quiet one. Somethings' going to happen with some power to it and move the financial systems at some point over the next 6 months. After all these years of market growth....the direction could be down? Chip