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

To: Tom M who wrote (26493)	9/4/1998 11:11:00 AM
From: Philipp	Read Replies (1) \| Respond to of 94695

Is there something planned or are you saying he'll trot out IF we break-down? I read somewhere that he is scheduled to give a major speech tonight at 7pm (EST) on the topic "Is there a new economy?" (or similar). There is no question-and-answer session, but if there were a break-down I would expect him to say something. So perhaps the best (for bears) is the Dow ending at a new low (for the downturn), below the 20 % decline, but without a Monday-style collapse. I am surprised about the many buyers today. The morning rally was an obvious head-fake (MMs, LG?), but someone continues buying the dips. I would have expected the Dow to be down by 100 points at this stage or at least before the obligatory early-afternoon rally. Regards, Phil