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

To: Kip518 who wrote (25390)	8/27/1998 9:24:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Kip distribution has been showing in lots of charts, since fall 97. We 'stupid' bears have been talking about this for a year now. I think we are at a point were the "smart" individual investor who has been holding up the market and buying the dips, while the "dumb" insiders have been selling has ended. Supports broke today and so will "smart" joe-six-pack investor and joe foreign investor also - which is even more important for bubble support. The banks have reached this point early in the cycle and that is quite disturbing, but completely expected by this 'dumb' bear. bb

To: Kip518 who wrote (25390)	8/27/1998 10:07:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Kip; It was the so called big boys who bailed last Oct, they always panic first. Keep in mind just about ever up tick in the last two days was sold short. The volume today was not all "real" shares changing hands, a lot of it was shorts closing positions, to other shorts opening positions, the shorts closing positions are the ones who took money out of the market. Just a guess but I think at least 1/3rd of the trades today were from one short, to another short, high volume always has a lot of borrowed stocks changing hands. Jim