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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 (21506)7/12/1998 2:10:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
By the end of the month I see us set for about a 4 or 5% correction, 50/50% chance.
A 10% correction at about a 20% chance , a 15% correcting is very unlikely, and if it did happen the last 5% wouldn't last long.

But a BK..if it comes, it will have a down trend already in place,
like from Mid April to the June 12th, (bottom ) and then
only after several false rallies, will it go on down, but we
confirmed a break of that down trend June 26th.
Also it's got were the DJI don't really represent the broad market
any more.
Jim