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

To: HairBall who wrote (23101)	8/3/1998 1:52:00 PM
From: James F. Hopkins	Respond to of 94695

LG; Yes on a lot of divergence , also The Fed has stepped in twice today to add liquid. The Federal Reserve Bank added permanent reserves to the banking system on Monday, via a coupon pass, the New York Fed confirmed. ( from yahoo but it don't say how much, never does ) The Fed said it bought coupons with maturity's ranging from August 15, 2008 to April 15, 2028. It's slowed the slide some but with all the liquid they put in last week, this sure don't look like, a healthy market. My guess is that the badly boomers are starting to get out of some funds, the brokerages houses will soon call CNBC and eat em out about parading all those bears last week <G> "Hey man you put on one more bear and we will pull our ads , what good are these ads if you dumb jerks kill the market " Watch the for the damage control team start up by the end of the weak. -------------------- And we are seeing the Indexers effect as well, as long as that divergence is on the increase and we have negative tick then then there is more down side to go. -------------------- Another false piece of news has been about how so much foreign money came into our market seeking a safe shelter..that's been much more B.S. than truth. European Stocks have beat the pants off this market ever since Nov. and thanks to many funds in this country that let people invest abroad we have poured more money into foreign markets than them here. Jim