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

To: Oeconomicus who wrote (19242)	5/27/1998 2:40:00 PM
From: yard_man	Read Replies (2) \| Respond to of 94695

Does this look strange to you? quote.yahoo.com^IXIC&d=1d

To: Oeconomicus who wrote (19242)	5/27/1998 4:44:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Bob; That's a great post ! , And as they man the pumps the people relax, even the Captain feels good about the prospects. But as the ship has settled a little deeper the pressure of the outside water has gone up, and more water is flowing in than they are pumping out. How ever in the compartments they have the pumps running it appears they are indeed making progress on removing the water. It's those compartments that they are not looking at that the water is building. All their focus is in the main engine room..and that's not wise at all. ( as I watch the S&P slip below it's support , then rally ..and yes the pump ( tick is looking better )..at least we will not sink right away. ARE shorts are starting to cover..or is it real buying ...I wonder --------------------- Well being I am a Captain and have watch a real ship sink there is one thing I would like to say about the Suction that's written in so many books, and talked about by so many people..who think if they are near a sinking ship they will get sucked under.. It's not true there is almost no suction, and what little there is , is right close to the hull. There is a lot of blowing out of AIR...and as much of that air by the time it escapes is compressed ..and as it rises it expands and many many little air bubbles ( with a few big ones ) fill the water...the water just above the sinking ship can get so many little air bubbles in it that what would float , can not float..( but it's not suction ) You can go right up to the edge of the air bubbles and be just fine. If you go into the air bubbles you just sort of sink, or fall. ------------------- There is one case I know of in the oil field where the was a large natural gas blow out below the rig, as they call in a supply boat for cement hoping to plug it the boat backed up to the rig on the side the bubbles were coming up,,,and there were many bubbles too but they looked harmless enough..as the boat backed into them her stern went down so fast that there was no time for the Captain to pull back ahead, the boat just like FELL below the surface, all hands were lost. There was of course no suction..just gas bubbles, harmless looking bubbles at that. But a boat is supposed to be Buoyant not airo dynamic, & you cant float it on top of an air or gas pocket. ------------------------ So much for dispelling the notion that a sinking ship will suck you under. just stay out of the air bubbles, but you can go right up to the edge of them and maybe in the edge if there are not to many, but then they could fool you if they are small, but happen to be plentiful. --------------- Well I see the program trading kicked in ( this pulled the blue chips out of their tail spin ) THE SUPER CASPS WENT UP FOR THE DAY that is kind of healthy , but they have been so weak lately that they really needed to get back some. The rebound in the S&P was mostly due to program trading in super caps, And only if these super caps hold tomorrow will I consider the carnage over. Generally they do signal the reversal, both on the up and down side..yet for a bit today THEY MADE A LOWER LOW than any LOW we have had since the start of their down trend in early April,, so It's sure not safe to say the down trend is over..if any thing the lower mid day low confirms it is still valid. We could bounce ..yet I don't think we will bounce above the trading range set in the last two weeks before we visit this place again, and that is what we need to do to break the down trend. Heck I could've stayed long with MDY, to re buy it now expenses get me. I can't beat these computer program trading thingies, and bonds really helped save this market..look out if bond prices fall now..the critical level is now below 5.75% not the 6% we did have. This market now depends more than ever on cheap interest rates. Jim