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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (18831)5/20/1998 6:39:00 PM
From: P.Prazeres  Read Replies (1) of 94695
 
I am in agreement about the fall. Today was day 3 of new lows over 40 on the NYSE. I turned bearish about 4 to 6 weeks ago (maybe longer) and had a target of 9200 back in January. I got lucky on the 9200. I think we get a correction maybe down to test the 200 day MA on the Dow and then if rates are below 6%, another leg up. ... we'll see.

Paulo
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