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

To: Ob C Qwe US who wrote (11760)	12/17/1997 6:45:00 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Well OCQUS, It sure isn't priced into the markets this am... or maybe it IS??? Bill

To: Ob C Qwe US who wrote (11760)	12/18/1997 3:37:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

We; got the "triggering" event..late yesterday when program selling started..today the BIG MARKET CAP stocks like XON with 153B in cap MFST 157 B in CAP, GE 243Bcap; KO 160B cap ; MRK 125B cap, (all started down)..I call them the HUGE CAP gang..as they fall tons of money goes south.. IT LIKE a BIG RIVER..were many smaller caps add up to just a small stream..when you see all the Giants turn south at once..the money runs out far faster that the DOW or NAZ indexes would have you to belive..as they are not weighted by ( market cap but by price )..so the market cap falls faster than the relitive prices..but they will catch up, People may think of AT&T as a giant..not so..only 85B..so if it's price holds it makes the Dow not look so bad..just check stocks over 100B market cap to get the real flow, if that cap goes south faster than the indexes..look out..by the same token that cap has to come back faster to turn the tide.. and it has not done that in the last 3 months the Giants need not fall so much to drain off loads of money, and when the Giants all turn..the rest will follow.. and this could be worst than OCT27th by tommorow..if the rout continues today..and things gap down in the morning.. all hell may break lose Monday. Just in case you didn't read previous post..last Friday I called for a good Monday and bubble in the early part of the week, well that bubble has poped..we never got back to the bubble, on the DEC 5th ( when I exited )..as I saw it as a bubble, and called the 8th down..with out getting back there it makes our weekly highs lower..and if I right about tomorrow our weekly lows will be lower..if that happens next week our monthly lows will go lower..looks to me this market peaked way back in july, Aug..it's been ticking down ever since..the ticking could soon stop...if we take out the OCT 27th low next week..then the party is over for sure..and heaven help us all..because no matter how you look at it..if a huge crash comes..jobs dry up..and crime goes up.., and all the taxes put on in the last several years that didn't seem hard to pay..suddenly become very tough..and the standard of living falls, loans get recalled, every thing just starts shutting down and at some point.. even the BEARs get bloody ..all paper can become worthless.. even goverment payment on bonds can be placed at risk, they were you know not all that long ago..the giants turned south today, in a big way. The trigger may have been the sneak attack on the dollar by Japan Monday..things were in a delicate balanceing act and tring to go down orderly..Funds are not far from panic..but most people don't know that yet. Jim