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

To: Death Sphincter who wrote (18461)	5/13/1998 8:45:00 PM
From: robnhood	Read Replies (1) \| Respond to of 94695

carl,, The stocks I am long , waiting for this move up went up a little today, but if I wanted to sell out my positions in them which are not that large I could have easily knocked them right back down to where they started, maybe even lower. So far there's not much oomph in this rally at all from where I am sitting even though the dow is breathing down it's highs. russell

To: Death Sphincter who wrote (18461)	5/13/1998 9:42:00 PM
From: Bull RidaH	Respond to of 94695

Carl, On your statement, "I remember that I was looking for a sharp 4 day down and you are looking 8-9 days(i think) either way we should be going to test the 8840 DOW---- 1076 S&P...do you agree?? " You let 1114.70 get taken out on the S&P futures anytime in the next few days, and I'll be in lockstep with you, riding the gravy train down, with sights set on 1060. I would not be comfortable trying to short strength tomorrow unless it happens in the a.m. without 1120 being breached in the overnight (globex). The break from this coil pattern will be like a bucking bronco, and I'm gonna dig in my spurs and wail away at the air <g>. Regards, David