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

To: James F. Hopkins who wrote (14529)	3/2/1998 4:11:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 94695

Jim..thanks so much for posting this...i wanted to see what this mega/tail theory of yours looked like but hadnt got around to it... I too think we have a short term top in as well...

To: James F. Hopkins who wrote (14529)	3/2/1998 5:28:00 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 94695

Jim- -Thanks for an intelligent, relevant post in the midst of all the asinine, childish squabbling that has broken out on this thread.

To: James F. Hopkins who wrote (14529)	3/2/1998 6:24:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Fantastic Jim, I agree with the theory but the up volume is like a locomotive rolling over everything in it's path... yeah, you may be right about 8,600 being a temporary resting place... but not one I would think represents a peak or a turn-around point. Yes, I DID try to get into puts today in a weak stock I mentioned previously... it didn't get as high as I expected... maybe tomorrow's open? Bill

To: James F. Hopkins who wrote (14529)	3/2/1998 9:09:00 PM
From: yard_man	Respond to of 94695

I goofed big today, Jim. Sold some MSFT puts for a small profit I had bought Thurs. DOJ said some mean things today right after the close. I'm so terrible at timing these things. :-( Still have some puts on some other issues, so I hope that you're right about tomorrow being down hard. Good luck.

To: James F. Hopkins who wrote (14529)	3/2/1998 10:52:00 PM
From: donald sew	Read Replies (1) \| Respond to of 94695

Hi Jim, I just started lurking on this thread, and if you don't mind, I agree with your assessment that 8600 is the resistance and that a pullback could start very soon. I originally targeted the pullback for Mar 11-13 but due to today's performance, I have moved it up to this Thur/Fri to start. I took a look at the major upswings over the the past 2 years, and it appears that there is a topping/flat period of 3-5 days before the pullback. I am TA and use various indicators. One of which is the NEW HIGH/NEW LOW ratio. I mention it since I have noticed that such ratio is a leading indicator in a major upswing and that it starts declining about 7-10 days before the actual market pullsback. We are now in the 5th day of the decline in both the NYSE and NAZ. I think that we will first have 2-3 more flat days and then it begins. Technically I see the support area in the 8200-8250 range. Hope you don't mind my interference. Seeya