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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 (17175)	4/24/1998 10:03:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Bill; Re> biz.yahoo.com there is one sentence in it that is worded backwards ( Journalist often get things twisted in their mind ) a reader needs to stay aware that most Journalist are not market experts and can trip over or commit blunders when they make comments..sometimes the words come out backwards..but if you look at the whole context you can see what he meant to say. Re> At about 0825 EDT/1225 GMT, the bond's price stood 6/32 lower at 101-25/32 to yield 6.00 percent. But prices retreated slightly, trimming the yield. that he got backwards... "prices bounced slightly trimming the yield.." the yield goes to opposite way the price goes. Still we hit that 6% for a moment..and with the more recent higher P/Es of stocks we can't go back to any 7% without a very serious correction. I'm thinking any break on the upside of 6% is going to get a lot of attention. Jim

To: William H Huebl who wrote (17175)	4/24/1998 12:31:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

Bill: hindsight is 20-20... I watch the computer-trading brokers, especially JEF and DLJ since they are small and their motion is magnified. Buying points in the past for the entire market have been a severe two-hour correction on these stocks at a p/e of 10, selling points have been a speculative spike at a p/e of around 20 for about two hours. This seems to have passed the test again. Their computers are smarter than my computer. -g-

To: William H Huebl who wrote (17175)	4/24/1998 1:34:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Bill; Wed after noon was put time, S&P is already down over 15pts since then.. Barron's has been wrong Two weeks in a row now ! Message 4123183 I called the week down on the 19th :-) just because Barron's called it up..not really we have been on thin ice since the 13th.. Down trend showed itself yesterday..no way she will kick up enough today for this not to not wind up as a down week. Jumping in BEARX..should have jumped wed. Jim

To: William H Huebl who wrote (17175)	4/24/1998 1:52:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Bill; The trigger was squeezed yesterday...they want to do a slow burn not a melt down..the S&P100 is still falling at a faster rate than the 500..already in the two days we'r down over 20pts on the 500... No sence in shorting if your going to let half the downside get away from you..right now she is fighting hard at the 1110 support..can't tell if she will break it..but if she does the cost of puts will skew much higher... BEARX is safer now, as they already have their shorts picked, and bought. Jim