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

To: Barbara Barry who wrote (17303)	4/25/1998 7:46:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

Barbara, we are in a distribution mode. If you noticed many days we go down intraday only to recover the last hour. My translation is the stocks move into weak hands which is the sure prescription of a crash. The whole idea is to figure out at which time this process is toward it's final stages - e.g. any new selling pressure will cascade into a bigger drop as it has in October 1997 for example. Due to full employment, Joe Dipster and Longterm Sixpack were able to stablise the market until SE Asia got out from the free fall. This scenario will change dramaticly if Job creation will falter. My speculation is that we are on the verge of a lower employment rate. Job creation and Un-employment are lagging indicators, IMHO. BWDIK