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Strategies & Market Trends : Waiting for the big Kahuna

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To: P.T.Burnem who wrote (24781)8/21/1998 3:32:00 PM
From: James F. Hopkins  Read Replies (3) of 94695
 
PT; This is wild, the Chicago Bears and The Ny. Bulls are in
a wild last minute free for all slugging it out like I've never
seen before , there is blood flying for them that know how to look.
I Strated this post at 2:30:
The Bears are selling off futures and shorting the market in an all
out frenzy to break the back of the Bulls, and the harder they
go at it the more the bulls are buying, it's back and forth
fast and at this time neither side is in control, I'm near
elated as right in front of some traders that dropped in on me
when she was down almost 300 pts I smugly said she would
close at about 8450, ( i didn't feel as smug as I acted ) <G>
But it's going to be close, and now it looks like the bulls
have switched tactics, they are starting to buy the futures,
This has bear trap written all over it. Mostly in the futures
pits......O god as I type it's a complete reversal in the Pits,
with 30 minutes left in the day the Bulls are coming out of
no where and charging the Bears my God what a killer of bear
dreams this is, Tippet sell them puts while they are still
worth something the bears are now in a solid trap.
The Bulls smell the blood and are stomping them.
Jim
Now in the Pits the Bears are rareing up on their hind legs
and fighting back, .....but they are looking weaker than
at 2:30..much weaker.

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