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


To: robnhood who wrote (18834)5/20/1998 6:28:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
I know it looked like that to me to, but Paul suggested it could
be shorts closing positions, due to long weekend coming up..
and that seems like it could fit, it's wait and see time.

I would not bet on it going on up yet. It's been in a trading range
for while and I would want to see it get outa that range to the
upside. To me a slight short term down trend is still valid untill
it does. I look fot it to finnish the down trend before it breaks to
the upside and I still see these rallies as false starts.
Jim