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Strategies & Market Trends : Waiting for the big Kahuna

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To: Oeconomicus who wrote (24214)8/13/1998 3:08:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
RD; I think people are use to 10% even 15% but beyond that they
are not use to it, and momentum will pick up..once momentum gets
going no one can call a bottom, momentum will be much more a
problem after 15% , and with the new triggers ..hmmmm

People look at history and think that we will perform within the
bounds of it somehow, but that's often not the case at all.
To start with we have many more people in the market than we
did on last big down turns. I picture a theater with over twice as
many people trying to get out the exits in a fire , as there
was in any other fire, more panic..and with less seasoned traders
than before, hmmmm
If we pass the traditional 10%-15% look for momentum to the
down side to pick up, then perhaps get even worse than any thing we
ever had.
Jim
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