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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 (24516)	8/17/1998 2:41:00 PM
From: yard_man	Read Replies (1) \| Respond to of 94695

Wow, you're right. Decliners leading advancers on the NAZ with this kind of a rally. Maybe this ain't goin anywhere?

To: Pierre J. LeBel who wrote (24516)	8/17/1998 3:37:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Pierre; Yep <G> it's doing just what I said it had the most odds to do, and your right it's weak, and will likely retrace, but so far had my stop not got hit Friday..I'd be well ahead of things from my first bet placed on her having hit a bottom. I should have set my stop lower at where I know I would not want to be long, ( below 8000 ) and just let it ride. As it is I'm in cash , and tit for tat , and I'm lucky to be even being I have fed the Brokers 8 commissions for nothing, & that don't count what the specialist made on the spreads. By the time I add up the expense of playing these knee jerks and if I figure my time is worth anything this jumping in and out is getting to be silly. I don't see any sense in fretting with this market if she don't take out 8000 , if she will dip one more time I'm going back in long and the bears be dammed. I'm convinced my calls have been overall just as good if not better than what I'v been able to see of any others making. Problem is now I need a good dip to get back in where I started, and I may not get that much of a dip. Jim