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

To: James F. Hopkins who wrote (14965)	3/13/1998 10:31:00 AM
From: Michael	Read Replies (1) \| Respond to of 94695

Jim, Keep an eye on BRKA..it will pull back ahead of any big sell off. Till then buy the dips. Have you any rationale why BRKa would act as a leading indicator of a sell-off (Warren Shorting perhaps ?? <VBG>) Regards Michael

To: James F. Hopkins who wrote (14965)	3/13/1998 6:00:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 94695

I enjoy and appreciate your comments Jim, however I wonder if we aren't in for some awfully choppy times in the next few weeks. I am counting on a pullback by the end of March, perhaps coming as early as next week: When I look at the Dow chart in the money and investing section of the Journal I see an awfully steep line up since back in mid-January--with no real breathers along the way, really amazing. Seems like a loss of a few hundred points on the DOW would be pretty reasonable about now, ahead of the final rush of IRA money in April. So, what do you think, a pullback of maybe five percent? Until I see a dip at least as big as that I'm pretty much out of this market. Having thrown a few good darts during that run up I don't feel any pressure to stay on the ride, besides, I always get sick to my stomach when the coaster rounds the top of the hill and you float off the seat.