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

To: robnhood who wrote (20455)	6/15/1998 9:47:00 PM
From: SE	Respond to of 94695

Your message makes it sound like you are predicting a major melt-down of Japanese proportions. Just thought I would ask your meaning.

To: robnhood who wrote (20455)	6/16/1998 8:00:00 AM
From: Robert Graham	Read Replies (2) \| Respond to of 94695

How true! However, where the big money goes so goes the rest of the market. The public money appears to be helping to prolong the rollover. Despite their attempts yesterday, the bulls (public money) could not rally the market. This looks to be an intermediate term bear market unless the market bounces and has a strong rally today to take the DJIA back above 8750. IMO this would be a bit optimistic even though I would not be surprised if the market does spend part of today rallying. Next support looks to be at about 8350 at its 200 day MA which has a very significant support below this level at about 8250. Just my opinion. Comments welcome. Bob Graham