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

To: William H Huebl who wrote (18768)	5/19/1998 7:38:00 PM
From: P.Prazeres	Read Replies (1) \| Respond to of 94695

Bill, The amount of activity on this thread as a contrarian indicator is bullish....but watch the new lows on the NYSE. This is day 2 of over 40 and much above for that matter. Also, the Dow transports have corrected almost 10%...will the Dow follow as usual. Having said all that, I think a mover to 9200 or even 9300 could occur this week with the holiday and all that. Paulo

To: William H Huebl who wrote (18768)	5/19/1998 9:40:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Bill; Re >> but I cannot go along with your thesis that this is a bear market. << I never said it was a bear market , that must be the way you read things, but really it is like putting words in my mouth, words that I didn't say . I said we were ( are ) in a down trend, if you can't picture a down trend inside a Bull market, then I doubt we are on or can get on the same wave leaths. From DEC 5th 97 my post will show my calls have been as good, indeed better than most of the calls on this thread. For a while my self and David were the only ones Bullish. But like I said some time ago ; when I see you go bullish then I get worried the market is in Trouble <G> You are a such good opposite indicator, I'm tempted to discard all my others. The Member short position remains about the same. To make it as clear as I know how " WE are in a tight trading range with computer program trading dominating the very short term direction, this is inside a slow down trend that started about April 5Th , and until we break out of that we will likely continue to correct. This fits inside an over all Bull market , there is no BK in sight, but the rest of the correction we have started is still due. Jim Message 4168719 Message 4169659 those were mine April 22. ------------ Message 4181593 Mine April 23rd ------------ Message 4184723 Yours April 23rd ------------------- Message 4196175 Message 4196995 mine the 24th --------------- Message 4204299 and you on the 25th, saying wait for the trigger, when we had already dropped for 3 days. Heck Monday it was mostly over with. ------------------ So we don't see it the same all the time, and maybe that's good, as if we did we would likely get set up for a really big mistake. ------------------- I don't see much of any thing happening right now, but I don't think we are out of the woods yet. To much money riding on the derivatives that never paid off..and if they can't get her up they can and will get her down to collect on that side. We have about 3 weeks left at max to get out of this rut, and if we don't it's risky as hell to be long. -------------------- Sold some gold yesterday, bought more today..( miners ) Not playing the options right now, ( except for Jan99 leap on RN call @25 ) Jim