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

To: yard_man who wrote (34802)	12/2/1998 3:17:00 PM
From: Paul Shread	Read Replies (1) \| Respond to of 94695

But they're not following the Dow down here, which is the most important thing right now. I think the Transports have as long as 5 months to confirm the primary trend, unless I'm completely mistaken.

To: yard_man who wrote (34802)	12/2/1998 9:07:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 94695

You may be right Tippet. However, if the oil market continues to collapse, the transports may make up for lost ground as their margins improve. I just think there is too much money sloshing around right now and so much irrational exhuberance at the ongoing deflation, that we may have some more heights to scale. But I have no doubt that eventually sanity will once more rule and the bubble will burst. Of course, Russia is looking to default on more debt so that, or another crisis event, could shock the markets into sensibility again. Regards, Ron