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

To: yard_man who wrote (19098)	5/26/1998 4:47:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

WAIT for what..???? This is trigger time right or wrong..wait and you either save pain, or lose gain..with interest rates falling, and tick hitting over sell condition, I just went long, for how long I do not know. <G> It's like you caught in traffic..and you put the peddle to the metal..or the break to the floor.. hesitating in traffic don't get it. She is either going down hard or going to bounce good. That much I know. She may bounce and go down some more..I don't know, very likely though..I just hope the spread don't eat me up again. Chances are I'll be out of it before 11am tommorrow, have to wait and see. If she drops more hard it will be tomorrow..and she will be fast about it. If you not cocked and loaded with your finger on the trigger you will miss most of it. Paper wise I would have done real good had I not closed the short Friday..woulda coulda shoulda dont do nothing, but set you up. HAD the tick not gone so very hard negative I would not have gone long..that and she fought the bond market. We are on the bottom of the trading range, and if we take out 1080 or 1082 we are going to be in really bad shape. I hope that don't happen..the shorts might cheer for a bit if it does..but big sell offs tear up things in a way that there are very few real winners before it's over. Jim