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Strategies & Market Trends : Waiting for the big Kahuna

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To: CatLady who wrote (13770)2/2/1998 12:36:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
Bulls a long way from wore out, they just slowed down to look around,
bears have not been in any kind of control since JAN12, just because
the steam slows does not mean the boiler is low on pressure, it's
not. The jump today should let people know there is plenty of
steam in the boiler, profit taking is a far cry from bears
getting control. The profits get shifted but go right
back in; the pattern should be clear the BULLs are back.
Playing the down side on profit taking can be done, but it never
gives as much of a return playing the upside in a market that's
going up. The Lows are higher each time, it's as simple as that.
Jim
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