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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 (24770)8/21/1998 10:07:00 AM
From: Monty Lenard  Read Replies (1) | Respond to of 94695
 
DIA at 84

Jim, looks as if we are going to test last weeks lows this morning.
8400 - 8410 looks like a good number. I feel sure we will get a bounce there just have to see how long it holds.

The way she is acting, it may very well go through that then come back.

Monty



To: James F. Hopkins who wrote (24770)8/21/1998 10:19:00 AM
From: Monty Lenard  Read Replies (2) | Respond to of 94695
 
Jim, I think we are going to get a chance to see if our depth finder was showing us a soft bottom. It appears as if a few tried to find the bottom at 8500 on the DOW but found that one soft.

What brought this BIG sell off on. My satelite is giving me problems so I have not been able to watch the news.

The RUT is already testing last weeks low.

Right now it looks as if 8450 may be OK

Monty


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