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

To: Cynic 2005 who wrote (8273)	10/28/1997 6:42:00 PM
From: Jumper	Respond to of 94695

When you get a moment, please explain to me what this internet is. Do any of us have to work anymore, or can we all live off our wits day trading search engines around the clock? Mohan, I see the future, this information Kiosk will bring completeness to us...online banking, gambling, music, and sex. Why produce a product when you have Haitians etc., standing by who don't mind getting those hands dirty for pennies on the hour. Look at us, America is genius! They will never figure out how this works in India. In fact they will plead with us for the rights to America Online any day now. Compaq's in every bedroom in China for Christmas I bet. Holy Cow- I will buy leaps in the morning. Next will be food...I have been online watching Fruits grow all day BTW Who could ask for a more complete existence, we will all be rich in the land of milk and honey...I mean Coke and French Fries. It isn't real unless you pay for the franchise- Bullony- I will dump a truck load of French Fries on IQ's lawn if I have too :o)

To: Cynic 2005 who wrote (8273)	10/28/1997 7:53:00 PM
From: Paul Yang	Read Replies (1) \| Respond to of 94695

I am a little puzzled by today's movement. It took investors twenty four hours to turn bull from bear. I don't think much of it are short covering. Since 7 out 10 times in the past, market rallied the day after a drop of more than 8%. Base on this observation, investors on the sideline jumpped in early to participate in a tremendous rally today. This morning around 7:00am, Dow turned from -145 or more positive in less than twenty minutes. That first wave is definitely the institutions, then small investors jumpped on the bandwagen and sustained the rally. Maybe this startled some managers who dumped earlier, and they jumpped in to take on new position. The first jump was quick, the second jump was just as quick and strong. Anyway, this is my opinion. It will be interesting to see what develops tomorrow. What troubles me more is the action in Hongkong. Continuing snow ball effect will have a detrimental effect on the economy. The situation was bad enough already when HK central bank decide to fight currency speculation with hiking the overnigh rate, a move that I don't understand --why don't they used $80billion in foreign reserve to defend the Hongkong dollar. Now that HK market and most of the southeast Asian countrie enter a period of slow down. U.S. will have tougher time exporting to those countries, which means that lager coporate earning will take a hit in the upcoming quarters. The implication of this is a slow and painful slide downward of the U.S. market, triggered by disappointing earnings. Yes, bear may come and stay this time.