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

To: bearshark who wrote (11352)	12/11/1997 8:15:00 PM
From: GROUND ZERO™	Respond to of 94695

bearshark, I looked for lower support yesterday already. I see 7700 as the next lower level with substantially more support than 7900. I agree this is make it or break it for this bull market. We firmed up to -70 points then sold off. I think that late selloff was a mistake. We really should open higher in the morning and not look back. BWDIK GZ

To: bearshark who wrote (11352)	12/11/1997 8:25:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 94695

RE: "This is make it or break it time." IMHO this resolution of economic uncertainty is going to take months and a downward bias of 10 to 20% now coexists with an upward potential of only 5 to 10% at best. Early rallies will be premature as they run into more earnings warnings and the uncertainty surrounding the Feb. auction. Today's commodity trading, especially in grains, gold, Japanese yen and the flattening yield curve all suggest traders are upgrading the potential of a recession or slowdown and lower equity prices. BWDIK.