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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (21107)6/30/1998 2:26:00 PM
From: Tom M  Read Replies (1) of 94695
 
Bill on that BA retest of the low, I hope you're wrong as I'm still long. Must admit yesterday was UGLY for BA. Another test of the low would be going for a quadruple bottom.... Was wondering if the Iraq action today might cause some rotation into the defense stocks. Also hate to give up my BA position now being that today's the last day of the Q, and hoping for the usual first week of the month inflow. Guess the timing of the FOMC meeting wasn't conducive for the usual last week/first week inflows, but there's a couple days left. What do you think, will Iraq be the "trigger"?

regards,
Tom
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