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

To: Philipp who wrote (23471)	8/6/1998 1:21:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

HI Phil; It looks to me it's setting up for a rally, if not today then when it's least expected like tomorrow. If word gets out the FED is not going to jack up the rates look for a big bear squeeze. We may not get back to new highs very easy, but I bet she makes a stab at trying. No sell programs have hit the SOXX stocks, and she is flying, and no sell programs have hit the R2000 and every sell program in the OEX is followed by a stronger buy program , so far today. -------------------- If the Bears got any sense they will cover now before they get a horn up their rear end, unless they got deep pockets and can wait another couple months and stay the margin calls as this thing heads back to 9000..( 8900) is my target, while I think 9000 is very likely next month it could offer a lot of resistance this time. But that is hard to call from here..much can happen to improve or kill that between now and then. Jim