Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (17979)	5/6/1998 12:02:00 AM
From: James F. Hopkins	Read Replies (1) of 94695

HI Bill; The market seems to be hanging on a pivot point right now..it could go either way..if it don't hold up..the Megas are going to start looking like the pre drop slow slide they did prior to the OCT sell off. That's been shaping up..but I thought this rally would break it. Right now I got 3 bets out and I'm ready to kill them in a heart beat. The S&P has sort of put in a triple top..but I don't watch her or the DOW as much as the Super Caps..as they set the longer term trend. The others can fake you out or bait you in. I'm not fast enough to ride the shorter term waves.. ---------------------- The Super caps made a top on the 5th of last month..trended down till the 28th..& have come up just enough to break that trend line..or at least to rest right on it. So thats perplexing.. to me..like the trend line is at this time resistance for them and they are not sure which way to go. I tend to think that with the low volume , it's going to be back down. Maybe we are hitting a trading channel ..sort of looks like it.. Jim

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