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

To: Monty Lenard who wrote (43082)	8/19/1999 9:31:00 PM
From: TRINDY	Read Replies (1) \| Respond to of 94695

You are right. Something stinks. There were (at least) two very curious happenings today. For one, the NYSE Utilities index made, in my estimation, a big reversal today. After months of essentially no to sightly negative action, suddenly up 3.53 points. Pleeeaaasse! This on a day of a record trade deficit. For another, there was a sizable differential in how much the NAZ Composite was down (-1.37%) in comparison to the NAZ 100 (-1.67%). The small % change in the DOW and in the Valueline provide evidence that there is a big flight to quality going on, and it is likely to get bigger, IMO. This is soon to become a stock pickers market, at best. Big cap leadership will change. Internuts should continue under severe pressure, save for days like yesterday when some anal-yst tricks J6P into buying. Big kahuna? Who knows. But times they are a changing and for now my bet is down. Look for "value" to once again be in vogue. Happy investing.

To: Monty Lenard who wrote (43082)	8/19/1999 10:21:00 PM
From: Haim R. Branisteanu	Respond to of 94695

Thanks Monty, I still have problems with my computer even after upgrading to WIN 98. Have you seen WDC?? What a move go figure <G> Friday they will push the market up IMHO to clean all the puts. BWDIK Haim

To: Monty Lenard who wrote (43082)	8/22/1999 10:48:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Monty; Your right something is out of whack, the nuts look like they want to rally but can they hold ? They are so volatile and can swing so fast I can't trust it. Volume was good on AUG 5th and 11th , but has fallen off a lot since, the rally yesterday was on low volume ( almost like a top being put in ). On the other hand I think a rate increase is priced in by the speculators, and if so we could go up fast come Tue. It's mixed & seems to say we are going to go one way or the other fast but that the big powers have not made up their mind as to in what direction they will make the most money. Keep one eye on the Dollar index. ------------------- Hurricane "Bret" has me worried , at 08:32 my time live sat shows her 26.3N 96.3W , moving NNW at 9 KTs..my worry is she could easily turn more N and head right at me. 165 mph winds already & the longer she stays over the Gulf the worst she will get, water temp is more hot than normal and could easily turn this storm into a record breaker and the news media is dragging it's feet about how serious this baby could be. It looks scary to me..I may not be on the net tomorrow. Jim