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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (8127)	8/26/1998 7:08:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Jim, I'm sure you saw that the Russell 2000 hit a new 52 week low today. Fundamentally sound stocks as well as just about every stock is taking a hit. I posted a few days ago that it was important to watch the developments right now and we would find out soon enough what the future will bring. Market leadership is starting to develop as money is going into the drug and utility stocks. DELL is showing strength and I'm sure that CISCO will also outpace the market. But there isn't too much else to get happy about. You know that I've been bullish up to this point. We need to wait for the market to settle some more. I'm seeing new lows. Perhaps another 10%. Maybe we can get a dead cat bounce, but I'm seeing the market lower in the next few weeks. Sergio