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

To: Monty Lenard who wrote (24249)	8/13/1998 9:15:00 PM
From: James F. Hopkins	Respond to of 94695

Monty; Again thanks, ya it time you come to see they are sneaky corrections going on before the fall, and I think it will be some sneeky rallys before indexes show it too. The whole point is to get in front of the curve, I guess you've noticed the herd is always behind it. What I see this program doing with it's % above the 20 or 10 DMA is taking the pulse of the market but filtering the anomalies of a narrow group or tulip sector that might just spike or drop the index, this is much more broadly base as to the buying. ( I think buying all the time..as it takes buyers to float the market ) it's always a lack of buyers when the market drops. trying to weigh the buyers vs sellers only confuses my picture. ( well sometimes I think about shorts selling to other shorts who are covering ( the ghost volume of trading shares that don't really exist that causes volume spikes ) Like the record volume we had on the 4th & 5th I think it was, Now I picture almost 1/2 of the volume on the 5th as ghost volume trading between shorts, as S/MMs covered to the new ones coming in So we have a lot of shorts out at about 1065 , they didn't cover on the 11th in fact we likely picked up a few more. Man I would like to know just how much of the market is shorted, there is no reason they couldn't give us that info on a running base, except they love to work in secrecy, while feeding us the pabulum. Jim