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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (14188)2/19/1998 11:14:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
Hello Bill; I came out of three Funds today, bought into CRUS,
been a fair month for me I don't want to give half of it back.
Indexes were odd today, lot of money moved into Large cap Tech
stocks with DEll leading the way. The ten largest Tech issues
gained over 2 times more market cap that all the DOW 30 lost,
but the gains on them didn't support the broader drop in the S&P.
The dollar droped first..then more..chances are about 50/50 we
get some sort of pull back tomorrow, at any rate it being Friday
with so much up in the air I don't want to be risking much till
I can look at her Monday, I may miss some up side but so be it.
If CRUS opens up with heavy volume hop on, she closed up and the
volume didn't get heavy till 3:15pm, if it opens heavy and up
then something is cooking..keep an eye on her early..her average
volume should run about 110K an hour..the late buying today
could be a signal..her chart looks like a spring wound up fairly
tight.
Jim
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