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

To: Cynic 2005 who wrote (13937)	2/6/1998 4:08:00 PM
From: Joan Osland Graffius	Respond to of 94695

Hi Mohan, Sounds like you had a great trip East. Good for you. Mr. Arms was on CNBC today and was noting the heavy volume in the last several months during this "topping period" as he defined it as being negative. He noted his arms index behavior recently has only experienced similar characteristics before the 1987 crash and back tested before the 1929 crash. He was not exactly bullish. I have been tracking VIX and after the 4% increase yesterday I expected another move up today but it moved back down. These are interesting times Joan