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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (18820)5/20/1998 4:50:00 PM
From: P.Prazeres  Read Replies (1) of 94695
 
James,

We are going into a holiday weekend. Some will not be in tomorrow and many others won't be around Friday...whatever the case, since the short position was so big, those who are short don't want to hold positions over a 4 or 5 day weekend and thus the rally in the large caps (DOW)....which was another reason why last night I said probably 9200 and even 9300 by Friday...we'll see.

Paulo
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