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


To: RWS who wrote (17513)4/28/1998 12:08:00 PM
From: ratan lal  Read Replies (1) | Respond to of 94695
 
RWS

Market is now slow and steady. Lunch time ?? or designed to give nervous stomouchs to both longs and shorts ??

Does EW have any points in their charts for these nervousness ??

ratan



To: RWS who wrote (17513)4/28/1998 2:07:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
RWS; You guys working that E-Wav thingy are a little over my head,
I don't know enough about it to understand much of what your
looking at. I'm still hung with comparing how one index competes
with the others, and the relitive motion between the big dogs
and the little dogs.
In a way my is a simple self made ditti..in a way it's not just
self made..but more or less adapted from what I picked up from books
as the general nature of the market.
An effect pointed out by many sources is that "IF" the Market
does fall, Blue Chips are consider safer and seldom take the
big losses that the run of the mill stocks do, and will recover
faster. I extrapolated that into the way I look at all.
My super cap rally fizzeld about 11..momentum droped and she
started south and has not turned back up as of yet. The Megas
are now below their yesterdays close..they tried to put up a
small fight at 1:45 but didn't make it.
Jim