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


To: William H Huebl who wrote (21107)6/30/1998 2:26:00 PM
From: Tom M  Read Replies (1) | Respond to of 94695
 
Bill on that BA retest of the low, I hope you're wrong as I'm still long. Must admit yesterday was UGLY for BA. Another test of the low would be going for a quadruple bottom.... Was wondering if the Iraq action today might cause some rotation into the defense stocks. Also hate to give up my BA position now being that today's the last day of the Q, and hoping for the usual first week of the month inflow. Guess the timing of the FOMC meeting wasn't conducive for the usual last week/first week inflows, but there's a couple days left. What do you think, will Iraq be the "trigger"?

regards,
Tom



To: William H Huebl who wrote (21107)6/30/1998 3:32:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
I don't know about re testing, I see money going from some of the
high flyers into some beat up ones today, across the board, the
divergence I told you about on the mid caps is now adjusting.
Some small caps moving up too.
Jim