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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (17998)5/6/1998 2:32:00 AM
From: Bull RidaH  Read Replies (2) of 94695
 
Jim

I'll be watching your readings with much interest from Friday on to see when and if your supercap index downtrend line is broken. Please let us know with a big WARNING or HOORAY post if/when it happens.

In the meantime, my line is drawn in the sand. I hope to cover shorts between 1105 & 1109 on June s&p, and will look for bottoming action in the next 2 days to go long. If 1105 doesn't hold on a closing basis, I'll probably reinitiate modest short positions to try to capture a "surprise break" in the markets.

Keep up the great work!

David
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