Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (12936)	1/10/1998 11:13:00 AM
From: James F. Hopkins	Read Replies (3) of 94695

Bill; I hear that waterfall again..it was the big caps that got hit yesterday..on heavy volume. I won't call this week..but just watch the day to day tick. When I go to the race track I don't bet every race..if I don't see something I figure the crowd has missed and get odds I pass. Some times I only bet 2 or 3 out of 12..took a long time before I caught on. This market has picked up down momentum, I won't try to buck the trend, the only thing I got now is to watch the tick, and also watch for when the big caps start coming up, but the smaller ones continue to fall and continue to drag the index down, but inside it starts back filling via the big caps. That's not the case at this time. I said some time ago when you see GE, IBM , KO , MRK T , XON and thoes type MEGA caps all slide at one time..look out below. The main ones being GE KO XON..they really carry some weight over 150B cap, and they all turned south. I suspect any up this week won't last untill these guys backfill. ---------- Jim

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