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

To: James F. Hopkins who wrote (35200)	12/11/1998 2:35:00 PM
From: Thomas C (Hijacked)	Read Replies (2) \| Respond to of 94695

anyone here think this could be wave 3 down we are in?? take a look at 1937 stock market..same thing sort of happened..almost a new high and then straight down relentlessly... tc

To: James F. Hopkins who wrote (35200)	12/12/1998 10:03:00 AM
From: William H Huebl	Respond to of 94695

Jim, Thomas C's post to you mirrors my concern I just posted to Haim. Look at VGY (this is one reason I look at it): it is a more conservative index and is showing what you are seeing and has been right along. Bill

To: James F. Hopkins who wrote (35200)	12/13/1998 5:47:00 PM
From: Skeet Shipman	Read Replies (2) \| Respond to of 94695

Hi Jim, While a few days or weeks do not a trend make, I also believe we are seeing the signs of a liquidity dry up. The volume has been decreasing on most of the stocks I watch. Combining this with equity fund outflows and a negative savings rate I believe the rally is over and there is more risk to the downside than a continuation to new highs. My most reliable indicator is predicting sideways for an extended period. Skeet