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

To: Oeconomicus who wrote (22200)	7/23/1998 11:00:00 PM
From: James F. Hopkins	Respond to of 94695

Hi Bob; I love taht term you used internuts tahts a keeper. I'm with you most of the way, my oversold is very short term and not based on history going back very far. My short term signals are based on short term history. Lets don't underestimate the pundits ability to come up with more ways to create hot air. <G> If they were logical the market would never have got this high to start with. The name of the game is not really PEs, it's cash flow and liquid. When PEs get impotent the smaller caps will make their run, after that reality may set in. I think you got it figured except for how long it will take them to wake up. We have both a Prozac and Viagra culture, so don't expect the market to be logical. <G> Jim