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


To: William H Huebl who wrote (23705)8/8/1998 8:34:00 PM
From: bobby beara  Read Replies (1) | Respond to of 94695
 
Bill, I wouldn't hang my hat on Bearons advisors for sentiment, too narrow a sample. I've got to admit the though bearishness has me shaking in my short's - like they were shakin last weekend when you basically made the same forecast - with bernie saying 10,000 (I've heard a few other timers say this week we were going to 10,000 quick)

. . .AND THEN WE WENT DOWN BIG TIME this week.

You can throw the traditional bull indicators out the window IF we are in a bear market and unfortunately if we are most won't realize it till we are already well into the dunghill.

I just look at that double top reversal on the Citibank chart and that looks pretty imposing.

The transports were first to go. I would watch the banks carefully and see if they can mount a rally here.

Da banks is da key man - forget sillysoft, dey got da money man.

bb



To: William H Huebl who wrote (23705)8/8/1998 8:47:00 PM
From: Bonnie Bear  Read Replies (1) | Respond to of 94695
 
Bill: a couple of humble observations: the feds can control inflation rates one of two ways- they can raise interest rates OR withdraw money from the banking system. Or stop printing dollars.
It seems like the latter has happened, tho I don't have hard evidence.
If money was pulled from the system, then banks would stop making loans to REITs and pull money out of speculative activity. (hum..)