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

To: Peter Yang who wrote (31303)	10/12/1998 12:50:00 PM
From: epicure	Read Replies (1) \| Respond to of 94695

Anybody could make a guess but no one could tell you for sure yet- either we clear the resistance in the 8100-8200 range and we set the stage for another rally, or we retest the lows and set the stage for a possible further retreat- but right now it is too early to tell which. Ralph Accampora has reversed his bearishness though- he is now saying we have put in a near term bottom. I think so too- but my idea of a near term bottom is a couple of days at the most, and I think his idea of a near term bottom goes out a bit further.