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


To: yard_man who wrote (17360)4/26/1998 4:30:00 PM
From: James F. Hopkins  Respond to of 94695
 
Tippet; I've just got more stronger since last Sunday..as Last
Sunday is when I called the market down..went the rest of the way
cash Monday..the Wed I saw the tick down but index going up
and asked others if they saw it as it as an ill omen..Friday
I was kicking my butt for not having jumped short Wed..
---------------------
It's been more than a couple days since I changed tune..
But I was up untill Friday two weeks ago buying the heck out
of dips.
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Last Sunday at the end of post 16874 this was my slant.

" I finished looking inside the Dow index and took it back..we
are on thin ice..but I don't see any way to make any calls
with any conviction..and think it's just a time to watch closely
I'm still in the buy the dips..and be ready to exit fast..
right now it's more a stock pickers market than a market timers..
I will back off that slightly positive thingy in my last
post..just because Barron's says up week, I'll say down week..
but after Monday..
The ice is still a little thin.
Jim "
Wed I got more convition , By Friday I was blowing the whistle
we are going down. Now I'm not calling a BK..and I don't think
any one can call them, but if we have one it'll be after the
market has trended down some..so I sure ain't going to be long
in a down trend.
Why did Buffet sell bonds Thursday ?
It was on TV but I can't find anything on the net about it.'
Jim