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

To: P.T.Burnem who wrote (22592)	7/28/1998 8:56:00 PM
From: bearshark	Read Replies (1) \| Respond to of 94695

Hi P.T.: I would be happy with a thin 250 point rebound in the DJI and then another general decline with a loss of 500 DJI points or so. Looking at the charts for the DJI, TRAN, OEX, and SPX, one could conclude that we just had a healthy correction to a rally. So I am a little cautious. I think a good number of investors have both individual stocks to go with their mutual funds. With the awful A/D line in the past few days--for that matter the past few months--maybe some of these individuals are getting familiar with selling their individual stocks at losses. If they get tired of that, maybe they will begin to lighten up on their mutual funds. Once that happens, we could have a true general bear market. I think this will be a long arduous process. Its like a boxing match. Work the body and the head will come later.