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


To: Monty Lenard who wrote (24847)8/21/1998 8:18:00 PM
From: James F. Hopkins  Read Replies (3) | Respond to of 94695
 
Monty; I got em, the tulip stocks are getting trimmed a little,
as the over 200dma came down, but in respect to the index the
the Ovr 20dma was better that the last time the index got this
low. In a way and I said something similar a week ago the market
seems to be slowly healing it self, the bottom end is holding up,
while some of the fluff and foam are consolidating to a little
more value.
Look at the Super Cap index.
iqc.com
it's not setting new lows, and it bounced hard today.
The Super caps also generally lead the market.
They put in their low on the 11th, on the 14th they tested it
but the average price on the 14th was above the 11th,
todays low WAS NOT as low as either one and bounced.
I should have stayed long today, CNBC is doing it's
bear parade so we must be getting ready to go up.
Jim
Jim