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

To: yard_man who wrote (17705)	4/30/1998 1:53:00 PM
From: James F. Hopkins	Respond to of 94695

Me try to buy some Hong Gong..:-) EWH...@9-7/8 lost 2pts on my SPY short..wont know about BEARX till after the close.. No puts till maybe next week.. ------------------- I can now name the down trend with the Mega Caps, as history is fact..It peaked April 5th..@400 caught a low on 13th at 388 bounced to 396 on 20th..then started an accelerated down swing from the 20th to the 27th bottom at 375..it actually broke that sharp "short term" down trend line yesterday at 380.. ----------------------- So we have a sharp short term from 20th to 27th..inside a midterm that started on the 5th..the midterm is still in place and the trend line won't be broke till 392 , 6pts more. but it has untill next Wed. to make it..if by next Wed. it has not got to 392..and shows any weakness I will jump on her fast, if she takes out 392..then the down trend is dead. -------------------------- Not seeing this fast enough caused me to come in late.. but the total correction from the 4th to 27th was 6.25% and it will take 6.6% up to get back to the 4th.. we got 2.6% of that so far..and need at least 1.6% more to break the mid term down trend.. -------------------- I'm short term bullish..but not enough to buy..I'm mid term bearish but think it's to soon to short.. so till she does some more tricks I'll just sit and watch and do some mental masturbation.. -------------------- Got me some FAX yesterday..gota go see if I gota any Hong Kong gong dong <g> Jim