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

To: Bull RidaH who wrote (17502)	4/28/1998 11:17:00 AM
From: ratan lal	Respond to of 94695

David Just as I was thinking of selling SP8M, your post came along to confirm. Anytime in the next 45-mins if SPX SP8M does not go over 1105 I shall be in short SP8M for a 100 point drop. BTW are you playing futures or options ?? ratan

To: Bull RidaH who wrote (17502)	4/28/1998 11:36:00 AM
From: James F. Hopkins	Respond to of 94695

David; I don't think most of us are up to your level of trading, at least I know I'm not. I don't have the ability to get in and out as fast you seem to. Also I don't trade futures yet. But as for this little gap up, I think it's a suckers rally.. there is more down side coming this week. I'm staying short via BEARX..and while it droped to fast yesterday for me to short more , if I can get a fair bounce today I will try to short the SPY. Jim

To: Bull RidaH who wrote (17502)	4/28/1998 11:36:00 AM
From: RWS	Read Replies (1) \| Respond to of 94695

With that gap down yesterday I'm looking for a little more upside consolidation over a little more time. Yesterday, was looking for a smoother ride down and a weak bounce, not the gap. Today you may be right and I'm watching closely and have a sell limit on my calls that I hope will take me out with a little profit. Looks like wave B of 2 now. RWS