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

To: P.T.Burnem who wrote (20401)	6/15/1998 5:45:00 PM
From: P.T.Burnem	Read Replies (2) \| Respond to of 94695

Correction: VIX has jumped almost 4 points today and closed just below 27. A reading above 30 would indicate that a bottom is near. It could happen as early as tomorrow. PTB

To: P.T.Burnem who wrote (20401)	6/15/1998 8:44:00 PM
From: James F. Hopkins	Respond to of 94695

PTB; I think maybe you got the DOW figured close, lets keep in mind she started falling behind the S&P back last July, and didn't correct as hard in OCT as the S&P did percentage wise, I don't expect her to correct as much as the S&P as she has not made as much of a run up , also she does not have as many of the hype stocks in her. ------------- This thing could happen soon or it could take as much as 3 more weeks. I don't think we can predict the timing of it until it's right on us, so it's just be careful and keep an eye on her. I would not be to afraid to catch the DOW ( buy the dip ) at 8500 right now, if she drops and I get any buy sign, if she hits 8400 it will likely be so fast you can't catch it. S&P maybe 1040. Jim