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

To: Thomas C (Hijacked) who wrote (22868)7/31/1998 3:55:00 PM
From: James F. Hopkins  Respond to of 94695
 
TC; Well when she is moving this fast the little guy gets killed
on the spread..it's just as likly to be over sold , as anything
you really need your positions ahead of this kind of momentum..
This is what kills so many people they wait untill the thing is
moving to fast, the pros get rich off this stuff.
I sure wouldn't short this late , but it don't look good for the
longs.
Jim



To: Thomas C (Hijacked) who wrote (22868)7/31/1998 4:08:00 PM
From: J. P.  Read Replies (1) | Respond to of 94695
 
<It seems like we are headed into CRASH MODE!! buckle down!!!>

I think so also. If we followed through today on yesterday's rally I felt we would go another leg up.

Today's action was downright ominous to me, and on a Friday also. I took almost everything I had off the table this afternoon, because I don't want to be caught in this thing. (Having said that watch it rally!)

Monday should be interesting.


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