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

To: joe smith who wrote (19946)	6/7/1998 10:44:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Joe; I'm very undecided about the coming week, Friday may not have had a lot of volume , but the up volume was a lot more than down volume and not a lot of selling into the rally. While some of that was likely short covering and I expect a retrace, it looks like we are short of people wanting to sell. For me a lot will hinge on the 30yr bond yield, and how much retrace we get, and if Monday winds up ending on an uptick, but not giving up over half of her gains. That's my best guess, if 30yr stays down, if retrace is not over half , if she ends on an uptick , then I think we could have a strong week. I'm not exactly cocked and loaded to shoot at any thing, I'm playing just a few penny stocks in the gold sector. And that sector has been kind of scraping the bottom and mostly dead money lately. Jim