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

To: William H Huebl who wrote (53535)	7/30/2001 10:18:48 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

Who knows? -g- We are getting close to a top of this swing on Tuesday-Wednesday.

To: William H Huebl who wrote (53535)	7/30/2001 11:55:18 PM
From: robert b furman	Read Replies (1) \| Respond to of 94695

Hi Bill, I don't have a problem accepting that. This market needs time to wind out the gogo speculation that is history. The longer it takes the more frustrating - horrible grinding for those with margin and underwater - it's brutal - I know - I'm a certifiable expert with a proud history of hanging on defiantly.hehehe The dog days of summer are all but upon us and this market probably needs the time for the economy to continue to sell down the inventory excesses and over production created in 2000. Many investors don't seem to have the capability of understanding the personal conflicts that management had with maximizing their bonuses with a once in a life time year like 2000 represented,and now the hangover of overproduction and its sell down/discounting that is the corollary of "unsustainable growth". These things will take time from a FA approach and I suspect more time from a TA approach.The big question is will the consolidations stairstep with time or are we in for a retest of the lows.In any case I expect a final shake out - it really is a matter of intensity.So far it looks like this consolidation is doing well and another step is in order before we create a final shakeout. JMHO Bob