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

To: William H Huebl who wrote (25797)	8/31/1998 1:23:00 PM
From: J. P.	Read Replies (1) \| Respond to of 94695

Wow, you bears must be making a ton of cash! Is this the Big Kahuna? Sure looks like it to me. The scary part is if I look at all the charts, these babies have broken support and there is no floor in sight from a techinical standpoint. I'm speaking of my perennial favorites Microsoft, Dell, Cisco, Lucent. Now if we are going to traditional valuation models and looking for PE's even in the 30 range, whoa nellie! Look out below on the Nasdaq index! I've gone to 100 percent cash, bailed with my tail feathers on fire on Friday, ready to kick myself today when I saw the futures way up, but now breathing the biggest sigh of relief I'm out. Going to be writing a tax check for this one... Thought Cisco, Microsoft, Dell, et al were going to tiptoe through this thing unscathed, but now I see support is broken here...