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

To: yard_man who wrote (24071)	8/12/1998 3:38:00 PM
From: James F. Hopkins	Respond to of 94695

Tippet; Nothing fantastic today, But a nice close, up volume is broad based and showing very solid internal improvement. The odds that we have put in a bottom are looking better, and that can mean more than a fantastic rally. Flow is finding it's way in and it's adjusting it's way down stream some, like the 3rd tier from the top is making the better gains today, and doing so on it's own, at least not at the expense of the Top 50. I hate to say it as much manipulation I normally seem to see, but damm if the market don't look like it's healing itself some from the top heavy position that was so prominent. ( ever so slowly ) The bulls had it on the open, and held ground most of the day till 2pm, then a weak rush from the bears till 3pm, but since then the bulls have taken it back with a gentle but moderate push to the upside. The other day when CNBC was touting the Yen was causing the down tick I didn't have the time to unmask them, and say hog wash, it's more to do with Russia and Indonesia than the YEN, but I think someone has wised them up by now. Jim