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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 (24851)	8/21/1998 8:54:00 PM
From: epicure	Respond to of 94695

iqc.com Look at the huge hammer- calling the end of a very brief downtrend? edit-Bears pull in those claws. I am not talking the permanent end to the downturn. I am not saying we are in a new era. Only that it looks like we have a little rally coming at us.

To: James F. Hopkins who wrote (24851)	8/21/1998 8:59:00 PM
From: robnhood	Read Replies (2) \| Respond to of 94695

James,, I think it could just as easily go down on Monday,, (A),, There is a huge short interest... Bear markets usually rally on Friday afternoon simply from short covering by short term guys like myself, and after watching every selloff fail for the last 10 years , very few bears wanna mess with a profit... (B) the optimistic mood here and on other sights ignores the fact that we closed down, and a lot of paper profits have dematerialized globally today and I mean a LOT... russell