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

To: Jay8088 who wrote (34920)	12/3/1998 9:42:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 94695

Jay, We'll have to see if it can sustain 8800 support or maybe back down to the 200 day MA around 8600. I'm still concerned about the amount of money sloshing around and the general lack of fear out there. And since we now have the precedent that we can recover from a 20% drop in under 2 months, this could really begin to drag out as a long and tedious down-trend. But I just seem to feel that we may have another surge of money coming to bear in the new year as people sock away a couple of more grand into their 401K and IRA's. Regards, Ron