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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (69575)	10/18/1999 12:54:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 86076

"i think there are way too many bears running wild and the prediction for a meltdown is way overdone." I think the bears are in the driver's seat but not wild as even they are scared of selling into a "hole" since it's happened so many times in the past 2 yrs. The bulls are afraid to sell because they may miss "one more" upward move. OTOH the fundamentals and technicals almost all point lower. Thus, the principle of Maximus Fuximus is invoked and the markets will go lower in the direction of maximum pain.<g> Maximum pain may be a Chinese-water-torture type of decline rather than a BK, which we all know is a myth.<g> Bounces will be sold by longs looking for cash and by sellers relieved to get another short opportunity. BWDIK. IOG(I'm only guessing).