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


To: Terry Whitman who wrote (26028)9/1/1998 1:36:00 PM
From: P.T.Burnem  Respond to of 94695
 
I heard on the radio just a minute ago that "bottom fishing" and "bargain hunting" was pushing the rebound today

A sucker is born every minute... The other day CNBC interviewed a few of these gutsy wonders. One guy said he had emptied his piggy bank on Friday, and was scrounging for cash to buy more stocks on Monday.

I guess some people think that Wall Street is kind of Wal Mart that sells stocks rather than stockings, hence if a stock gets marked down, it must be on sale this week.

PTB

P.S. I fully expect the Dow to re-test its October '97 low (~7000). Should the test fail, the bull will be pronounced dead...