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

To: William H Huebl who wrote (15290)	3/27/1998 8:20:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Bill this week action is reminescent of the action around DOW 8000 last year. Then also every one was thinking that 8000 was a given but it broke trough a week later after some consolidation. My guess and speculation is based on the action of the oil stocks, that the oil price will start sliding soon and then the interest rate sensitive stocks will move up. In addition to that the Treasury market bounced from a level which was defined by some as a key support. We still have the 401K and pension funds and late IRA's money flow coming next week. As for the market in general my speculation is that most money managers are selling into strength and rotating out of stock to shave some of their fund performance from the first quarter and start next month with a bang. Lets see how and if it will cross 9000 and if SPX will be at 1125. Nothing mentioned contradicts my feeling that stock are way way overvalued and BK is getting closer, but my tea leaves say not yet, and I bet you I will lose the BK and be in cash. <gggg> BWDIK Haim