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Strategies & Market Trends : Waiting for the big Kahuna
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To: Investor2 who wrote (20110)6/11/1998 11:32:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
I2; Today I started getting oversold signals, at least short term
while she could spike down; if and when the tick goes positive
as I expect it will, we should get a bounce.
In short I'm leery of a spike down, but expect a bounce and will go long if I see a good positive tick. But will duck back out if it goes
back negative or interest rates climb fast.
With the strong negative tick today..and the interest rates as low as they are and all the puts bought, I doubt we have much more of a sell off, short term.
Jim
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