To: William H Huebl who wrote (13966 ) 2/8/1998 1:36:00 PM From: James F. Hopkins Read Replies (1) | Respond to of 94695
HI Bill; FYI and to some others, I'm not happy with my regular indicators, well I just don't seem to trust them right now. They are bouncing or pumping in a way I have not noticed before. --------------- But I think it says up, and that your low of half of 9600, is wild, 4800 would be a crash that would cripple the world. I set the low about 7400..if that much. More like 7600. with a high of about 9880. In recent years hedge funds, and such hold a larger degree of short positions than, in earlyer times, these short positions provide a cushion of sorts we did not have in the past, percentage wise you will not likey ever see a fall like 87 again, and them that keep going back to it with projections, have not looked at the changes in the market make up. The ones who try to prop up ideas via 29 are so fullofshit they are not worth talking about. -------------------- Recently I mentioned mutual funds not having gone fully invested Dec. and Jan. some one asked me were I got the data. I don't explain things to good but that was by accident.. I started tracking some funds early 97 using a paper portfolio on Yahoo( the no-load, no fee ones I goy in a book from my broker ) From there I happend to get into the profile, click on the "home page" and went to several of the funds with a internet page of their own. Some of them gave a lot of info about their make up, and about how they were invested. 1-800 numbers and all, in a many cases the daily NAV was posted in a few their cash position. With some I make the free call. Recently by accident more than planing, I discovered many were holding cash positions in short term MM , this has caused me to rethink the market situation. Last year many were on margins, I didn't see any on margins recently. Jim