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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (17189)4/24/1998 2:34:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
Your not looking at her from my angle..she has fallen more than
any 2% already..and the fall rate is picking up every hour now.
She just took out the 1110 support next support 1100..
Dow wants to re-test 9000..and snif it out..if it don't
hold..you will be behind the curve and to late to short,
that's what has been happing to the shorts all along they
come in to late..I called this sucker down last sunday..
and jumped out of my longs early monday..
will look to buy the dip when it turns up..but both the 100 and
500 have to move up..if the 100 don't turn up it will be a
false rally. I don't see any BIG drop yet..but we are already
half way to a 5% correction.
Jim
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