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

To: HairBall who wrote (22346)	7/26/1998 10:02:00 AM
From: Crimson Ghost	Respond to of 94695

US stock market may now be in a no win mode re: Japan and Asia. If Asia starts to rebound, capital will move there from our overinflated markets. If Asia tanks further global meltdown a real possibility. And most of the flight capital has already left Asia. Not much more will come here even if the situation deteriorates further. Virtuous circle about to become unvirtuous circle.

To: HairBall who wrote (22346)	7/26/1998 10:06:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 94695

LG, I agree about eating tomatoes, but >>> I may look for the "internuts" to be the last to capitulate. MM will squeeze as much juice out of them as possible, before letting go. NAZ may be the last to fall!<<<< I think you will noticeably see an exit here as traders see that the momentum has played out. Look at the double tops on Yahoo, AMZN, ELNK, on much lower rsi and obv - these are stunning reversal patterns. With that ugly looking double top on the N225, it's possible that we aren't entering into round two of the Asian contagion. Here is a divergence for you: decisionpoint.com draw trendlines across the august/october peaks and the april/july peaks now draw trendlines across the same peaks on the summation index OUCH divergence would be worse if you were using spx, oex or ndx. bb