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

To: Tom M who wrote (17406)	4/27/1998 10:12:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Well there is always some one buying a dip..( or it might not really be the buying of the dip.. this could be shorts taking profits Shorts often check the down spin as they cover, but that's not always the same as BUYERs who are looking for it to go up , that first wave of buying is short term shorts grabbing the money and running ...it will take half the day to see what is happening..this is very very risky time to buy dips, of course the more risk the more potentual gain..but now that I've seen a down trend..I do not buy dips till I see it end.. the trend is your friend..buy dips in an uptrend..and we have to take out the last little high before we can say this down trend ( which is already set ) is over..if we do not get back up to last Tue..or Weds highs..then we are still down trending, from this drop it's going to be hard to get back up to last Wed and if we fail to do that in the next two days then the next drop can be even bigger. If this sucker don't rally soon you could see major panic selling before the end of the week. With this drop the MEGAs are down most 6% now already..since early April.. Jim