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


To: Mark Adams who wrote (8402)10/29/1997 5:11:00 PM
From: Mark Adams  Read Replies (1) | Respond to of 94695
 
Mkt didn't look too healthy; trend of lower highs and lower lows resumes. Not a good sign for closet bulls like myself, who've failed to rehedge enough in time...

If anything, I'd say we are seeing the classic 'smart money selling to individual investors', but slowly so as to extract the maximum gains possible (vs the panic selling we saw prior).