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

To: Pierre J. LeBel who wrote (23815)	8/10/1998 2:09:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Sometimes I think the VIX can indicate a change, most or the time it's a reaction, only thing I've looked at today has been the tick. It seems to me the S/MMs are distributing on the moves up. I'm getting more like LG, and trying to see what the S/MMs are doing. That's very subjective, and short term. It seems they are not concerned with any longer trend but play it by the order flow. If one can get a hold of their shirt tail then sooner or latter you wind up on the right side of the trend. This "feel" for when the S/MMs are distributing or accumulating just has to be something you develop , explaining it leaves open to much controversy as much of what I look at is rather obscure, additionally I've finally concluded is not in my best interest, to try to explain it beyond the point of what it is I "think" I see, and right now it's distribution. So I exited my DIA earlier and 1/2 pt above my stop. Jim