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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (66703)	10/13/2003 7:16:41 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

It's momentum. Message 19397466 And here is the rub, while we do have up momentum the US stock market as good as it may look is bringing up the rear.. Every single WEB traded has gone up faster than our market,, every one has beat us. thanx to the falling dollar, now if you didn't live in the U.S. American stocks would not look like hot runners..in fact on an average they look 38% cheaper to foreigners than they do to us. To some extent perhaps they even look like bargains to foreign investors being their own stocks have gone up so much. ---- While the News media makes out that the cheap dollar is good, they sure don't look forward..take crude oil, it's back up over $30..in fact over $31 now..while it's costing us more it's getting cheaper for every one else..if this keeps up we wind up becoming like some 3rd world country, inflation has to set in, and interest rates will have to climb, & the fed be dammed.. --- For how long we live in dream world , before reality sets in no one knows..Dow 10000 can easily be made with a falling dollar, maybe 11000, of course the next big leg down will wake every one up, when it don't find any support. ---- ME I'm scared already..even though I see the Up momentum and lack of selling pressure, I may not be looking when the shit hit's the fan; meanwhile I have a bid in under the qqq at 33.50..but I wouldn't do that if I didn't have Nov 35 puts.. --- I never expected to make a profit on the 35 Oct calls.. except by using them to short..but with only 4 days left on them and me likely to go out I let em go ( at a profit to my surprise ) add that to the 2 shorts I got out of them, well I made up for the set back they gave me With that Gap up Friday a week ago.. or was it Thusday ? Any way that bigger Gap up caught me being short over night and with out insurance.. since then I've made it up & have been more carefull.. ---- Jim