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Strategies & Market Trends : Waiting for the big Kahuna
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To: HighTech who wrote (24836)8/21/1998 6:10:00 PM
From: epicure  Read Replies (1) of 94695
 
A huge hammer formed on the DJ-30 and the sp-500. Naz had a bit too much upper shadow for me to call it a hammer. These can call the end of a downtrend, and they may have done so here. That would clear the way for your Monday rally. I hope so- I sold several put positions today when the market was down over 200 and started buying leap calls.
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