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

To: dennis michael patterson who wrote (25228)	8/26/1998 7:54:00 PM
From: Monty Lenard	Respond to of 94695

"The only problem is that sometimes the crowd IS right" Dennis, IMHO I think you are 100% on. As far as I am concerned the bulls back was broken today. There is distribution going on and I do not think it can be hidden from the masses much longer. Todays scans proved it to me. Don't know about the BK but we got a bear on a tear here and it think it's a grizzly not a little old black one. Monty

To: dennis michael patterson who wrote (25228)	8/26/1998 9:42:00 PM
From: robnhood	Read Replies (2) \| Respond to of 94695

<<I fear this time, the crowd might be right. >> Fear,,, well, that word has certainly entered the equation lately. The problem with it is I did not see all that much fear in the market. Yes , fear on the part of the buyers (lowering their bids), but not enough on the part of the sellers. In the long run this is very bearish, however in the short run it may be bullish. The owners of MF's appear to be rank amatuers to me and will not capitulate untill the market has dropped a long way. With that thought in mind the possibilities for an unimpeded rally are still open. BWDIK, russell