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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (22110)7/22/1998 10:05:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
Hi Bill; Actually the Super caps and the Nifty Fifty are up
for the day , while most indexes don't show it , as a group
the big blues hit bottom , so it looks like we found the low
end of the trading channel for a while.
I expect some volatility and a lot of switch hitting
for a while. Chances are good we won't drop much more,
but will fight our way back to the 1190 area..but tahts
not a sure thing.
We have not had our run up in small caps yet, and I while I
can't guess when that will happen I do expect it before we
have any major sell off.
If I'm wrong I'll sing you a song.
Jim

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