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

To: donald sew who wrote (30789)	10/8/1998 1:51:00 PM
From: GROUND ZERO™	Respond to of 94695

Don, I'm glad you like my humor, sometimes it gets kinda dry. Yes, my arms are now tired (and I've now become a frequent flyer on Ground Zero Airlines), but If we break 7400, I suspect we'll see 6500 as the next line of serious support. Yikes!!! There are bargains abound right now. I don't expect an extended bear market, but, of course, I've been wrong about this. This wash out is healthy for the markets and I think we're now witnessing irrational exuberance on the down side. I've been long the bonds for some time now, but, believe it or not, I went short today in December. I can't imagine that rates would start ticking up, but perhaps the rate cuts have already been factored into the bonds by now, and my reverse and short point was touched today due to the steep rise in bonds over the past few weeks. I could get whipped, may not. Later... GZ