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

To: Oeconomicus who wrote (24214)	8/13/1998 3:03:00 PM
From: Major Tom	Read Replies (1) \| Respond to of 94695

Using the Double Dump Theory, along with my charts, graphs, data, and scientific methods, I'm coming up with a bottom of 6587 for the Dow within 3 months. The first part of the Double Dump will drop us to 7127 then the second Dump will take us to 6587. Major Tom

To: Oeconomicus who wrote (24214)	8/13/1998 3:08:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

RD; I think people are use to 10% even 15% but beyond that they are not use to it, and momentum will pick up..once momentum gets going no one can call a bottom, momentum will be much more a problem after 15% , and with the new triggers ..hmmmm People look at history and think that we will perform within the bounds of it somehow, but that's often not the case at all. To start with we have many more people in the market than we did on last big down turns. I picture a theater with over twice as many people trying to get out the exits in a fire , as there was in any other fire, more panic..and with less seasoned traders than before, hmmmm If we pass the traditional 10%-15% look for momentum to the down side to pick up, then perhaps get even worse than any thing we ever had. Jim