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Strategies & Market Trends : Waiting for the big Kahuna
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To: Monty Lenard who wrote (25173)8/25/1998 4:51:00 PM
From: James F. Hopkins  Read Replies (3) of 94695
 
Hi Monty; Seems yesterday I said it was a false rally, and that
hasn't played out yet. Yes Gap ups are more often than not, S/MMs
seeing enough buy stops they reach up to the ready made market
and tag the shorts, at which time they often short to the short
getting bought in.
If and I have to wait and see, but if we gap down in the morning,
then about noon, "IF" she starts up and has not broke the support
of 8350, I will go in one more time and set my stop at 82 and
GTC sell at 89-1/2 and forget her for at least two weeks.
Jim
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