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

To: ratan lal who wrote (17790)	5/1/1998 2:30:00 PM
From: SE	Read Replies (1) \| Respond to of 94695

9050, here we come...nice weak close going into Monday would be just what the Dr. ordered! -Scott

To: ratan lal who wrote (17790)	5/1/1998 2:51:00 PM
From: James F. Hopkins	Respond to of 94695

Ratan; For the most part when she gets like this I don't try to call her. Mostly I'm ignoring her today, just a glance or two. I'm trying to pick out some Closed End funds to track..I think their time is getting ripe, after this mid term down trend is over. Again the super caps set the tone..but I need divergence to see a move..or something opposing what it's supposed to do. Last Wed when the tick drop all day yet the indexes went up I knew that was a trigger but didn't have enough faith in my own indicators to over come the B.S. I was reading on this thread. And I waited till Friday to short that won't happen again, If I see the super caps fall and the rest go up, that's the trick and time to punt..right now they are just confused..you can take a guess..but that's about it. I expect the down trend that started on the 5th will not get broke, but we may get a lot of these knee jerks before it gives us another 5% dip. The problem playing the down side is that it is harder to profit than playing the upside..as it should be. It's not my normal focus but one has to look at it. By and large this thread has a negitive focus, and I try to guard aginst to much of that. About the time the bears go bullish the market will dive, and when the bulls go bearish the market will spike. That's mostly the way it is. Jim