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

To: bearshark who wrote (24203)	8/14/1998 1:09:00 PM
From: bearshark	Read Replies (2) \| Respond to of 94695

HI I2: Yesterday, I posted a note in which I said that the RUT was in its first leg down. I knew I was squinting at the charts but I must have been squinting through a napkin or something when I looked at the RUT. The RUT is clearly in a second leg down. Looking at it more closely (but still squinting) it appears that it recovered about half of the initial decline before it fell in the second leg to new lows. So it would qualify as being in the bear camp under the bear signal. So we do have some sectors and a small capitalization index in bear markets under that sign. For the most part, what is left are the money stocks--Supercaps, OEX, SPX, and DJI. This simply supports what many of us are seeing. However, we have two very similar situations present now. We can take a world view and a national view and ask two questions. Can the U. S. and European markets avoid bear markets while much of the world is in a bear market and can the major U. S. indices avoid bear markets when several sectors and the RUT are in bear markets?