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


To: robnhood who wrote (18342)5/11/1998 8:04:00 PM
From: Monty Lenard  Read Replies (1) | Respond to of 94695
 
Been wondering the same thing myself.

Boy, if you track all the posts looks as if James really stirred up a hornets nest! :-)




To: robnhood who wrote (18342)5/12/1998 12:45:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
Rrman, Tuggie has been busy :-) I still see the chance of some more
down side to the broad market, while it's mostly a coin flip the
chance that it will go on down some more out weigh the the chance
that it will go up.
My guess is we will end the week lower than we started it.
iqc.com
if you put a piece of paper on the red moving average line
the down trend of the super caps from the 4th of April sould be clear enough. They are the liguid of the market while the S&P and DOW
may dance above or below them they are more like the foam and
froth. The big boys may creep lower yet before the rest converge
with them, and they seem to be trying hard to do that.
-------------------------
The futures said up today but the market flew in their face..
the Dow was up a tiny bit but that was an anomoly.
The market is still losing her liquidity..and interest rates went
up some. While the Mega caps seem to want to break their down
trend they havent yet done so. At best we will have choppy
waters untill something leaks out about what the FED is
going to do, and when that happens the market will take on
some clear direction.
---------------------------
I lightened up today on some of what I bought on last Thursdays
close..and I didn't get my bounce on APM.
Till the FED meeting any up side is just likely to be a bubble.
--------------
I got to go tend to my hornets nest on the APM thred, I'l send
Mr. Spots another privet message just to see if he will post
it. <G>
The rest of them seem to have backed off trying to play one
upmanship with me.
Jim