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

To: Philipp who wrote (23433)	8/6/1998 7:49:00 AM
From: Philipp	Read Replies (1) \| Respond to of 94695

Just read the CNN online poll. Question: 1. The Dow Jones industrial index has fallen more than 9 percent from its high last month. If you own stocks today, what are your plans? total responses to this question: 5875 3. Hold --> 66.11% 1. Buy --> 27.27% 2. Sell --> 6.62% Question 3. Based on Tuesday's close, where do you think the Dow will end up by December? total responses to this question: 6166 4. 9,000 to 10,000 --> 44.84% 3. 8,000 to 9,000 --> 33.00% 2. 7,000 to 8,000 --> 12.99% 1. 6,000 to 7,000 --> 5.21% 5. More than 10,000 --> 3.96% Extremely bullish! Certainly no fear yet! I would expect a strong rally based on this (but may turn sides at any moment). Good trading, Phil

To: Philipp who wrote (23433)	8/6/1998 10:02:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Philipp; RE > how high can a cat bounce?)? << Well the market is full of surprises, I took on DIA at 83-3/4 yesterday, saw that we may have a gap down this morning, so put a stop at 83-1/2..we had a gap down but it was very small and came no where near my stop, I just rasied it to 85, have a target of 89, but will sell the first time I see the "funny" tick. = when the tick goes down but the indexes go up. I will also keep moving my stop up if the market improves. Jim