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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 (13726)	2/1/1998 11:40:00 AM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Hi Bill; Don't let Friday get your hopes to high, this steep market decline has been coming for I don't know how long but the lows are higher each week. Market was up last week again; Friday was locking in and profit taking..we may get a little more downside and we may not. Signals are to mixed for me to call it. I did some buying on the dip Friday. Funds I like most is SPEQX, and CHEYX ; LXCAX is flying I aready missed a lot of upside this month..HRSMX don't look to bad. WEB ( EWM ) looks like short covering. This steep decline fever has been running for some time..market already shorted to much to let it free fall. If the Bulls charge she could easly climb a wall with the shorts actually runing her up. A lot will depend on the Dollar, and bonds. I'm kinda at a wait and see thingy with the market. If it falls I will likley use it as a buying optrnty. It will take another rate hike from Greenspam to hurt the market really bad. ( i don't see that real soon ). Jim