Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: HairBall who wrote (23357)	8/5/1998 4:59:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

LG; I didn't count on it popping up as much as it did late in the day, but I saw a buy program hit about 3:30..and the DIA was slight discount to the DOW..buy the time I could pull the trigger it went up 1/4 and being I was just talking about buy on the close sell on the open, I jumped on it. Now I hope it don't gap down on the Open, but I doubt taht it will as that would defeat their "bait" Heck I might hold it if that close follows through it might start triggering stop losses on the shorts. There was a lot of shorting today at lower levels. Maybe a mini bear trap ? Internals didn't look good but they did improve. Jim

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