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

To: James F. Hopkins who wrote (22175)	7/23/1998 8:51:00 PM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

Jim, Your getting serious again!<VBG> I don't see a huge wave down tomorrow,but i won't rush in with calls at the open.The stage has been set to test the range's lows and is probably set as well, to retest highs...just want to go with the flow! I am quite comfortable with my wait and see attitude on a Friday. Regards, Barbara

To: James F. Hopkins who wrote (22175)	7/23/1998 9:06:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Jimmy, take a look at the CA chart a cup pattern just like the DOW that went to marginal new highs (false breakout), reversed hard, then dropped 50%. The Brits have the same pattern. Notice the gastly double tops on CCI, SCH, YHOO and the DJ 65. These are big reversal patterns, the kind you don't want your mom to know about. As I mentioned earlier the HSI a/d line did not confirm the rally in Hong Kong, it actually was headed downhill. The Asians are gonna get blown over by this Dow weakness. As PT Burnem noted, this thread was particularly quiet for this kind of drop, in past corrections your would have 30-75 messages to log on to. This is the kind of complacency at the crash, where all the bears have capitulated. the b/b survey went from 41/31 in two weeks to 54/22, dats a drama ROC, massive capitulation. The longs have been fully margined in DELL, MSFT, LU, INTernETS, yadda yadda yadda watch out below, bb