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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (15012)3/14/1998 9:08:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
Hi Bill; Still looking at currency moves..signals are down about
like Thursday a week ago..when we had that mini pull back,
yet with the market this high and being even then I was expecting
a bigger pull back, I sure would stay in a sort of alert state,
Monday & Tuesday, I not as ready to buy dips as I was.
BRKA droped 3.2% Friday..that more than she generally moves at
one time..And for some reason this guy is listened to and can
shake the markets.
biz.yahoo.com
He is not always right but has an effect.
Cash is still out there but if they sit on it, things could
retreat. It takes buyers to run the market up, it can fall
just on it's own weight like it cost to maintain it..
with spreads get wider with less volume just an equal
amount on the demand / supply side will tick her down,
there has to be some small amount of more demand for her
to stay even.
I'm going to a more cautious frame of mind.
Jim
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