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

To: James F. Hopkins who wrote (24121)	8/13/1998 12:09:00 AM
From: Oeconomicus	Respond to of 94695

Chicken! Are you afraid that range of the last week of July would be too much resistance for you to win the bet? ;-) BTW, you don't think it'd have to be a crash to get to 8000 do you? Hey, I'm not calling for Dow 1000 like Bob Prechter. Just a normal bear market. 20-30% down would do. Could have it's panicky days, of course, but not the end of the world. I do have a few long positions and we need my wife's high-tech salary and stock options, so I hope it's not worse than that. Good night for real this time. bob

To: James F. Hopkins who wrote (24121)	8/13/1998 11:28:00 AM
From: P.T.Burnem	Read Replies (2) \| Respond to of 94695

If I understand the VIX it's just a volatility indicator ? VIX measures implied volatility of at-the-money OEX options and is the best fear index known to man (well, at least this man:). PTB

To: James F. Hopkins who wrote (24121)	8/13/1998 12:00:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 94695

but odds are 9000 will hit again before 8000 Jim, I am going to have to disagree with you on this one. I think this bull is over. I know our scans was showing it trying to make a bottom but I think it is a soft bottom. What I am seeing is the MM doing the same think on the way down that they did on the way up. They are suckering in the dipsters and then selling it off. They made a ton on the bears on the way up and I don't think they play favorites when it comes to money. Monty