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 (13955)	2/7/1998 4:13:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

Bill;RE> I would like to go along with your bearish scenario... but I still have to make up my mind! << ah so your mind is not made up, I take that as a good sign.. ------------------------- I sure suggest you do not go along with the way you take any thing I say..you seem to see bears around every conner. Over and Over I've said I'm Long on the market, and thougt I made it clear that if a market may seem a little over bought it can and I expect it to get more over bought before any big correction comes. You are the one who keeps seeing a 5% sell off, and eventually you will be right. --------------------- I went as long as I could Friday a week ago , and posted it that day, then rotated some of what I had bought Friday into some funds late Monday, ( in spite of knowing I would be buying into the funds at a premium as Monday was so strong) but I did it anyway, that's a far cry from being bearish. --------------------- The 1.8% overbought is a relitive figure and can change day by day "it's not anchored" in fact currency moved up after the equities, and that in itself reduces the 1.8%, which is very a very small amount any way; and with the momentume this market is getting..it could go to 20% over bought before you see your sell off happen. ------------------------ If I see you getting bullish then I will get worried, please tell me your not bullish yet .<G> Jim

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