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Strategies & Market Trends : Waiting for the big Kahuna
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To: James F. Hopkins who wrote (24849)8/21/1998 8:49:00 PM
From: Monty Lenard  Read Replies (2) of 94695
 
Jim, that chart is impressive. Showing a lot of strenth. Based on all the charts I look at, she is going up Monday...short or an act of God or you know who.

But, I think you were right earlier when you said that this thing was not resolved yet. I honestly think that there is just too much going on outside this country for the Plunge Protection Team to hold this thing in check.

Just wonder if the action you were seeing in the futures was not intervention by the Feds. This thing was in serious trouble today until some deep pockets got involved. I am convinced that there is a plan by the Feds to act when we see the type of sell off we had going early today. There had to be intervention in the South American markets as well. I may be wrong but I think not.

Monty
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