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Strategies & Market Trends : Waiting for the big Kahuna
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To: Monty Lenard who wrote (25427)8/28/1998 8:17:00 AM
From: James F. Hopkins  Read Replies (1) of 94695
 
Monty; Thanx again, and Awsome! is a good word for it, clearly
over sold, but with so much damage the bounces may not be worth
playing, unless you just get lucky to catch a bottom, but the
bottom spikes are sharp, short lived and hard to catch, at this
point I would say we have a new down trend and may just sit it
out till they trash things out enough to break it.
We will not be able to count on our market alone to show us
that, the world markets will also have to start some sort of
recovery before any up side can be considered worth playing.
I suspect if we bounce next week people will start selling into
the rally.
Jim
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