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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (34196)11/23/1998 3:54:00 PM
From: donald sew  Read Replies (1) of 94695
 
James,

>>>>>>> I also have a strong dip signal, S/MMs are taking up short
positions since about noon today, it may be several days playing out, but the signal says we go down early next week, ( maybe just a dip but who knows ) <<<<<<<<<

I have been carefully watching the TICK and starting around noon the TICK has been consistantly in negative territory. I interpret that as strategic selling by the big boys, without pulling the market down much. They are playing it well, setting up the small guy, but then the question is how much will the pullback/dip be. If the dip is only a few hundred points, the dipsters will just climb back on.

seeya
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