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

To: Barbara Barry who wrote (18058)	5/6/1998 11:28:00 PM
From: James F. Hopkins	Respond to of 94695

Barbara; I don't have any sure thing on it going down..that last post may have overstated my stand. We are on a pivot point.. NO ONE can really tell..not even tulips..thing is if she does break down it could be as sharp or sharper than the last one. ---------------------- We still have some resitance at that 392 level on the super caps if she goes up. But if she goes down we could easly take out that last bottom by 6 more pts. ------------------------ It easy to see a trend started on the 5th and that it is down, and that we came up just to were we should or could break that trend , but will we ? The trend is your friend..but right now it's on a piviot point..any irrational exuberance by the Bulls or Bears at this time is a lack of being able to see when it's a toss up. The human ego can't stand to admitt some things are a toss up, while we all know things unexpected do happen at times..and at this time what ever that is will send the market one way or the other..right now the path of least resistance is down. We should see more by morning..heck I aint short..got two long bets out, & so I'm hoping I'm wrong about it going on down, at least for a day or two.. Jim