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

To: GROUND ZERO™ who wrote (13778)	2/2/1998 5:22:00 PM
From: Liatris Spicata	Read Replies (2) \| Respond to of 94695

GZ- How do you conclude that, should the DOW break 8200, that 8200 will become a major support level? Regards, Larry

To: GROUND ZERO™ who wrote (13778)	2/2/1998 6:17:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

HI GZ; I look at the Dow, and even slice it into two parts, ( cap weighted ) to see if the tail is wagging the dog, but as using it as it is for a market indicator, I don't..it's not weighted. You can get some idea from it, but not as good as the S&P, or the OEX. We could retract a 200 pts easy enough and still the low would be higher than the last one. S&P broke out, so that's enough for me. I'm fixing to go back offshore and I feel the market is now trending up..it's had a 12 week sidewise go at it, and has held, in fact S&P is new high. With my going out not much for me to do but get in a couple of funds, picked CHEYX and ( SPEQX..may switch it to kaufx or hrsmx) before I go. ( Still holding 1 share of OAKSX , as she is closed to new accounts, but I think she is holding some pricy stocks and will wait before going back in..she did real good last year. But last year is gone, the first two I like as they paid good cap gains ( it's not the capgains I like so much as the fact it says they manage the fund better )..OAKSX did as good but could not sell off it's stuff to do a cap gains without hurting itself. Thats why I came out of it DEC5th, except for 1 share. I don't know were the DOW may retract to..but I think she has said good by to 7700..7600 for sure..and could easyly take out 8400 in another week or so, if she holds 8000 this week, next week will be an even bigger push up. Bear run really eased in on us tail of July..and officially ended JAN12th.. Message 3321972 Jim