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


To: Tommaso who wrote (17572)4/29/1998 9:23:00 AM
From: Byram  Respond to of 94695
 
Tommaso,
I am glad you see that - I agree....
My theory and I see it alot here and in the public......is:
At THIS TIME - we are still in a BULL market, BUT, with a down trend (that is short term)..If I mention to alot of folks that I have shorted the market - they say :"you are bucking the trend" - I say they can't see the forest for the trees..Meaning that I agree (at this point - at least) that we will still see DOW 10,000..But I also am calling for the next few weeks or longer to be choppy ....Personally, I would be more scared of the sky falling if we kept punching North with wild abandon.

To be blatant - I would attend the orgy - But I am going to be careful and use all the protection that I can while others will take the stance: 1) Don't attend - "It too dangerous" 2) "Go for it" without any thought of problems....
Anyway - sorry if I got too wordy....

Byram



To: Tommaso who wrote (17572)4/29/1998 12:57:00 PM
From: James F. Hopkins  Read Replies (3) | Respond to of 94695
 
Well I'm not so much wanting to convince anyone that the down trend
is set, as to go on record as having made the call.

I look at the market from several angles , and it appears clear to
me, we are in a down trend and it is set..but for how long it will stay set I do not know.

-----------------------------------
My eqity position is short , I am bidding FAX at $7 today.
Jim