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


To: yard_man who wrote (25051)8/24/1998 3:43:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
Tippet; OK it's not straight down from here, ( is it ever straight ?)
as for those toasted bears, I think they got eaten ( bought in )
this morning. We need a new crop so they will now gap here
down in the morning. I have to go back and look but I thing we
have put out 4 bear traps and 3 bull traps in the last two weeks,
most of it in the leveraged department. I bet futures
players a loading up on prozak.
Who said it was going to be a tame market? what is odd today
is the futures every so often keep going against the tick,
it's like some one is buying the futures on the dips,
(more than the stocks.) They must plan to bring some cash out
of the rat holes within the next two weeks but just when
I'm not sure.
Jim