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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 (13955)2/7/1998 2:30:00 PM
From: HH  Read Replies (1) | Respond to of 94695
 
Hey Bill, I just looking for some conversation.
Can you give me the flavor of your thread as its evolved.
Its been awhile since I've looked in. I'm all cash and waiting. HH



To: William H Huebl who wrote (13955)2/7/1998 4:13:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
Bill;RE> I would like to go along with your bearish scenario... but I still have to make up my mind! <<
ah so your mind is not made up, I take that as a good sign..
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I sure suggest you do not go along with the way you take
any thing I say..you seem to see bears around every conner.
Over and Over I've said I'm Long on the market, and thougt I made it
clear that if a market may seem a little over bought it can and I
expect it to get more over bought before any big correction comes.
You are the one who keeps seeing a 5% sell off, and eventually you
will be right.
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I went as long as I could Friday a week ago , and posted
it that day, then rotated some of what I had bought Friday
into some funds late Monday, ( in spite of knowing I would be
buying into the funds at a premium as Monday was so strong) but
I did it anyway, that's a far cry from being bearish.
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The 1.8% overbought is a relitive figure and can change day by
day "it's not anchored" in fact currency moved up after the
equities, and that in itself reduces the 1.8%, which is very
a very small amount any way; and with the momentume this market
is getting..it could go to 20% over bought before you see your
sell off happen.
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If I see you getting bullish then I will get worried, please
tell me your not bullish yet .<G>
Jim