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

To: James F. Hopkins who wrote (23294)	8/5/1998 9:28:00 AM
From: Pierre J. LeBel	Read Replies (2) \| Respond to of 94695

Everyone expects and predicts the same thing: ''The market is going to make an attempt to rally, then I expect to see some selling,'' said Peter Cardillo, director of research at Westfalia Investments. ''Can we go down another 100 points? Yes.'' Cardillo added, ''Are we going into a bear market? I don't think so.'' At 0757 EDT/1157 GMT, September S&P stock futures were up 3.0 points on Globex, indicating a mildly positive open. Earlier, the futures were up 6.0 points, then turned negative briefly, which analysts saw as a sign of continued volatility in the market. Prudential Securities analyst Larry Wachtel expects a rally attempt in early trade but then another day of heavy selling. He said overseas markets held up well in the face of the U.S. sell-off. It is too easy!!!! Pierre