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

To: GROUND ZERO™ who wrote (46761)	4/8/2000 2:26:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 94695

GZ, >> I think we'll probably see a lot more of the same volatility, but with an upward bias I am thinking about your "upward bias" thought. The more volatility there is the more the players on the street will make wrong calls. Assuming this statement is correct, the players will just plain exit until things settle down at some level, either higher from here or lower. Without the short term traders to prop up these markets things could get interesting. The powers that are in control at the moment seem to be willing to spend a fair amount of money to stop a crash, but I am not convinced at the moment they are willing to stop a slow bear market from developing. If the large mutual funds are spending the funds to stop the "crash" like on Tuesday, then your assumption is correct, since their business is in trouble if a bear market develops. Janus, Fido, etc come to mind. The bottom line is if Tuesday was a serious crack in the market, there are not enough thumbs to plug the holes, on the other hand if it was just an abnormal day things will continue to go with your prediction. Joan