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

To: Barbara Barry who wrote (15938)	4/9/1998 4:30:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Barbara; Lot's of indicators saying the market is weak, "BUT".. There are too many shorts in the market..brokers will see those shorts and stop loses and can reach up and get them..just too many shorts for the market to fall..this tread has become number 1 on the hot list..too many bears.. As weak as the market looks FA and TA ..I wont short with this many bears ..no way. Thing early today with YEN/DOLLAR could spin this eather way. I'm not long, but not short..just on the sidelines. With one small sleeper, that don't care which way the market goes, and a small ( low ) bid on some gold, that I doubt I get. We could get one more squirt up before a correction, with the shorts covering and the brokers shorting to them. Jim