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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (17175)4/24/1998 12:31:00 PM
From: Bonnie Bear  Read Replies (1) of 94695
 
Bill: hindsight is 20-20... I watch the computer-trading brokers, especially JEF and DLJ since they are small and their motion is magnified. Buying points in the past for the entire market have been a severe two-hour correction on these stocks at a p/e of 10, selling points have been a speculative spike at a p/e of around 20 for about two hours. This seems to have passed the test again. Their computers are smarter than my computer. -g-
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