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

To: yard_man who wrote (19431)	5/29/1998 1:19:00 AM
From: Robert Graham	Respond to of 94695

I think we are on the same page. Short term drops I think we both agree are not anything to become concerned about. It is the drops that can do enough technical damage that it can take a substantial time (a good part of a year or longer) to recover from is what I am concerned about. That is why in previous posts I came across not concerned about a drop down to 8750. Beyond 8750 then I will start to become concerned. IMO as long as the funds do not liquidate or the public forces wide spread redemptions from funds, the market will be OK. Ultimately, it is the public that I am concerned about. Their entry into high tech NASDAQ stocks shows that their optamism is still intact. When this disappears during a market adjustment, then watch out. Any thoughts on this topic? Bob Graham