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

To: PaperChase who wrote (23866)	8/11/1998 3:20:00 AM
From: HammerHead	Read Replies (2) \| Respond to of 94695

Oh man, Asia and Europe are both bleeding severely. They're all nerved by Yen as I posted in #22992 on Aug 1.

To: PaperChase who wrote (23866)	8/11/1998 7:59:00 AM
From: Moominoid	Respond to of 94695

The Dow is presently higher than it was at the beginning of the year, after huge percentage gains from previous years, and we are now in the middle of a correction? Oh please. At this point in 87 or 29 the Dow was up very nicely on the year. I don't think we will see a big record-breaking one day crash as happened then however (could change my opinion fast :)) If this were just a trading pattern I believe the bounce out of the correction would have been greater that it has been. Let's see what happens. I didn't sell all my long positions, but bought options (in Aus) and am shorting as well (in the US) so I'm prepared to be right or wrong.