Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (36481)	1/16/1999 12:46:00 AM
From: James F. Hopkins	Read Replies (1) of 94695

Vitas; Well if I read you right the AD has tested it the third time, and it looks very ominous if that AD don't break to the up side soon. In fact it sort of says if we do start dropping (like take out the 9000,) next week then we could even dive lower than we did in OCT ? I expected the bounce today, it ended odd..like stright up with hardly no down ticks, YET the futures were in program sell mode, All I can figure is the sell programs couldn't run because curbs were on. At any rate the Futures were at odds with the tick, and that don't happen often. A lot of the gain in the NYSE was BRAZIL stocks and ADRs, they won't continue up for very long. You bet as Brazil let the currency float, it let a lot of people unwind what they thought was going to be a big hit, and unwind they will. Her troubles are far from over. Jim

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