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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 (23951)	8/11/1998 2:21:00 PM
From: Major Tom	Read Replies (3) \| Respond to of 94695

If anyone wants to see something scary, look at the Japanese stock market from 86' to dec. 89' it looks alot like our stock market from 95' to July 98. Similar amount of time and very similar returns over that period. Look what happened to Japan after that. They eventually went back to 86' values. If we went back to 95' values the dow would be at 3900. Could you imagine that. Were probably feeling as they did in 89'. Major Tom

To: P.T.Burnem who wrote (23951)	8/11/1998 4:25:00 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 94695

SPX held above 1060 like you said- BUT, the SPX can't carry the world on its' shoulders. To illustrate my previous post: Enter $INDU, 3 yr wkly, 200 day MA cbs.marketwatch.com Today's intraday low violated 200 dma and was lower than previous low. You would have to be a bull with blinders on to see anything positive about today's action. In the interest of neutrality though- we could see a rally of dip buying again the next day or two. Buying the dips is bound to be getting painful, so I would expect lower upside volume on the rallies as the dips go lower. Regards, TW