Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Amelia Carhartt who wrote (36634)	1/22/1999 9:05:00 AM
From: James F. Hopkins	Read Replies (2) of 94695

Right; At least on the open , I see them way on down Globex showing futures 1226.70 , S&P500 closed ystrdy at 1235.16 , so we are -8.46 to cash , add 8.15 for fair value , so puts us -16.61 below fair value, deep in sell program turf. But we had one day last week that was worse, so it may not be the end of the world as we know it, but I think the bulls are not going to be as happy as they were. Question is, are they confident enough to buy the dip ? Jim

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