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

To: Terry Whitman who wrote (26401)	9/3/1998 5:36:00 PM
From: Paul Shread	Read Replies (1) \| Respond to of 94695

TW, Still buying the dips. I like ERICY and NT at these prices, and am starting to drool over the big financials. Given the fact that sellers are meeting some resistance leads me to believe that we are in a work-out phase, and I think 7400 is going to prove tough support to break (isn't it curious that we got buyers at Ralph A.'s predicted bottom, although it was also the beginning of this year's huge rally). I like the fact that the nifty fifty are getting hammered this time; that could work out a lot of excess without the need for the whole market to go lower, another one of those "rotating bear markets" this bull market has had). Just my opinion, as anybody's guess is at this point, barring any glaring technical indicators to the contrary. Good luck to you. St. Paul (the artist formally known as Saul)