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

To: P.Prazeres who wrote (14592)	3/4/1998 8:00:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Paulo, It may be that today a "one day" correction counts, but it is difficult for me to accept the fact that human nature has changed so much. Perception is more than a scare and it takes longer to sink in. Therefore, I would not call October 27, 1997 a correction but just a "scare" driven by inadequate "collars" on the NYSE. IMHO Those comments aside, many Tech Stocks went trough a bona fide correction phase, and in my oppinion are in a bear market of their own, with typical bear market rallies. But this is a selective bear move and not the general accepted bear market. A turning point in a real bear market will be with SPX around 450 or so, much more severe than aticipated. BWDIK Haim