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

To: Barbara Barry who wrote (23666)	8/8/1998 12:29:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Hi Barbara; I already read it, they have been Japans favorite advisors for the last 10ys, & seeing how good Japan has done I don't put much faith in them. Bottoms are easier to pick, as you have less room for error the market can "only go to zero," but it's upside potential is virtually unlimited. <G> So I can do a long term forecast and say your grandchildren will live to see a $4,600 change in the market at most I see the market cut in half from it's high of 9300, for a max loss of 4,650, then I pick the top 4,600 above,=MAX $ 13,900, so now I go long, and short, if it goes to $13,901 I will lose more money on the short side. Long Long term you might find it hard to picture the market, at 18,600, so you short it for the long term. If it ever goes to 18,601 you will lose more on that short, than you would on the long if it went to zero. I remember well the exact day it hit $3,200 Wow that was high and nobody but nobody I knew dreamed it would make 6,400..you know it don't seem all that long ago. I bought government zero coupons that will double in value by 2002, ( I think it is ) well they are my safety I keep telling myself, That's my insurance program, yet for every dollar the market is above 6,400 come 2002, I will have lost that mush potential percentage gain. The only way these become "real" winners compared to the market is if she drops below 6,400 and stays there past 2002. But being I understand the side effects of that kind of crash I hope they don't become "real" winners over the market. It's like having insurance you hope you don't need, still there is a cost for insurance. Jim