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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 (17264)	4/25/1998 9:57:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Bill; Wait for trigger; to late I committed already..,I should have punted Wed..but didn't have my act together..now I think I should have also hedged Friday..well I'm not committed to deep and I can go long the SPY Monday fast enough to offset my bearx if I need to.. The thing is the trend is down , and the blue chips have had the blues since the 13th..the last high was not put in by up moves in the blue chips, it was put in by the smaller players. This down turn is also more in the blue chips too ( except tech ) the SOXX is still moving up while every thing else is diving but how long can that last ? The SOXX is also know for wild swings and were it ran up like that last year , it also dived harder than any thing else when it dived...for the year last year the SOXX under preformed the S&P. The trend is you friend, and the SUPER CAPS set it..the others may wipe higher , but will also dive lower.. The Super Caps are in a down trend and have been since early April.. Jim