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

To: BubbaFred who wrote (25704)	8/30/1998 1:13:00 PM
From: Gersh Avery	Respond to of 94695

What attracted my attention was the magnitude of the problem. IMHO: Any attempt to fix the situation will cause a drop in the value of the dollar and US bonds. If they continue to do nothing the resulting collapse of the entire banking system of the worlds second largest economy will send severe shock waves world wide in minuets. Also, I do not believe this impact is already priced into our markets. Gersh

To: BubbaFred who wrote (25704)	9/1/1998 1:30:00 AM
From: BubbaFred	Read Replies (1) \| Respond to of 94695

Reflex rally due very very soon, tomorrow if not Wednesday or Thursday at the latest. Good for 8100 in Indu or 1100 in S&P. Extremely oversold condition is an understatement. Time for short covering rally. Time to give Abby Cohen her last hurray. Many bulls have been put aside, and many 401K plans has been switched today, at the wrong time. If AMZN and its hot air brethren continue to go down to their proper levels, then there will be a retest of S&P 750 in October. Otherwise, onward to the bottom of the cliff. In October - November, that is. Just a bubba's opinion, of course. No TA, just common sense, which meets many of the TA criteria.