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Strategies & Market Trends : Waiting for the big Kahuna

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To: bearshark who wrote (14429)2/28/1998 9:18:00 AM
From: bearshark   of 94695
 
Are the Transports saying they were only kidding? Since 7700 on the DJI, or somewhere around 980 or so on the S&P, if you prefer, I have donned some false horns and played the part of a bull. Well, those horns are getting old and so are the false hooves.

The DJT stocks have just retraced their rally from January. Its chart and those of most of its stocks look miserable. I cannot predict the future but I can appreciate the past. Maybe something can turn the Transports around again so they may rejoin the fun. Maybe the Industrials will not follow them down. But this action must mean something. As for me, I think I will pack up the horns and hooves, back into my cave, and just watch the view for now.
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