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

To: Kona who wrote (19882)	6/5/1998 7:52:00 PM
From: bobby beara	Respond to of 94695

Kona, there were about 180 new lows on January 12th: decisionpoint.com

To: Kona who wrote (19882)	6/5/1998 7:58:00 PM
From: robnhood	Respond to of 94695

Kona, IMHO, this rally was as cheesy as all the trading in the last few weeks allbeit smaller moves. I don't think the bait's gonna work. BWDIK russell

To: Kona who wrote (19882)	6/5/1998 8:39:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Kona; Well I was wrong about it had to be short covering, maybe some of it was but after looking at the internals I tend to think it was a healthy day. I'm reluctent to say we are out of the doldrums but this truly was a better day than any we have seen in a while. Money moved into the super caps , up volume was strong , and the new highs just about balanced new lows. The market got a little liquid back into her. But I'm not buying in at this point, interest rates are still low and if bonds were to sell off she could reverse she has made some healthy gains in the last two days, and closing up on a Friday is also a good sign, maybe a little pull back Monday or Tuesday , if not then we could just run up back up to the April highs. Then agian this could be that last rally before the correction..I sure don't know and would not bet the farm either way. Jim