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Strategies & Market Trends : Waiting for the big Kahuna

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To: eddie r gammon who wrote (17664)4/30/1998 9:23:00 AM
From: James F. Hopkins  Read Replies (1) of 94695
 
Eddie; Does look like a strong open..might have to give up my
short position..but won't do it before noon..won't do me much
good to do it till then as I have to take the BEARX close..
I want to hold till tomorrow though, and will if the Mega Caps
don't take out 384. I don't see two up days as enough to change
the bigger picture we are still down a lot from the 20th,
and that interest rate is still over 6%..this kick may well be
followed by another run down the slope.
Sort of touch and go at this time but so far the under currents
say we got more down side.
Jim

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