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

To: RWS who wrote (20145)	6/12/1998 2:06:00 PM
From: James F. Hopkins	Respond to of 94695

RWS; I've been talking down trend since early April, BUT we are now over sold at least short term. Market wont fight interest rates too long, tops are reached when both stocks and interest rates peak, bottoms when interest rates hit lows. If interest rates are not at lows , then market can fall some more, but for the time being if interest rates fall more derivatives will take a big hit , and all hell would break lose. I don't think that is in the plan, Greenspam would up the interest rates if need be, of course that artificial increase in interest rates would likely give only temporary relief, right now we should do a bounce. I got over sold signals yesterday, and early today. Jim