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

To: bobby beara who wrote (31367)	10/13/1998 1:42:00 AM
From: Berney	Respond to of 94695

BB, Frankly, for the sake of the country, I hope you are right. But, it has been well-established that this is a liquidity driven market. Until I see a turn-around in the mutual fund outflows ($2B last week), I just don't see any significant reversal. I follow OEX. We bounced solidly off 496 today, and, even if we make it through here, we got to deal with 500 and 505, and the big one at about 520. A lot of resistance and not a lot of support. It all looks very unresolved to me! For at least the rest of this month, I'm just day trading. I just see too much down side risk. But, I respect your beanie and its view; however, we all got to accept responsibility for pulling the trigger. Berney