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

To: dennis michael patterson who wrote (20226)	6/12/1998 4:11:00 PM
From: James F. Hopkins	Read Replies (4) \| Respond to of 94695

Dennis; Looks like a new trading range, if interest rates stay down we are headed back for 1120 she bounced off that 1080 at 1pm and by 1:45 I could see her clearing the 1085..( which I thought would have been the low ) , a strong finish on Friday is bullish. Any late shorts are going to get killed. The supercaps never did make anything like a new low , they rallied at 382. If bonds sell off , that could stop her but the 30yr rate hit a low today even lower than in early JAN..( which set up a two month run up ). While we look at stocks over here most of the time, lets keep in mind the BIG money is in bonds, and stocks can't fight the bond market very long, it's to big. Jim