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

To: James F. Hopkins who wrote (18831)5/20/1998 5:13:00 PM
From: robnhood  Read Replies (1) | Respond to of 94695
 
James, I've been trying to figure out the markets' latest for days now like everyone else. It had an astounding run for weeks. It now appears that it is digesting that gain, and what appears to be probes both ways to see what it wants to do. Each rally and selloff has failed for days now, even ones that only lasted an hour. Tonight's close IMHO, looked like it has chosen, UP.....

BWDIK, russell



To: James F. Hopkins who wrote (18831)5/20/1998 6:39:00 PM
From: P.Prazeres  Read Replies (1) | Respond to of 94695
 
I am in agreement about the fall. Today was day 3 of new lows over 40 on the NYSE. I turned bearish about 4 to 6 weeks ago (maybe longer) and had a target of 9200 back in January. I got lucky on the 9200. I think we get a correction maybe down to test the 200 day MA on the Dow and then if rates are below 6%, another leg up. ... we'll see.

Paulo


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