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

To: yard_man who wrote (25059)	8/24/1998 6:00:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Tippet; re > Perhaps you could do a little better if you took a position and stuck with it more than one week? <g> Well maybe so, but you could also do a worse too..there is no trend in place..since the 5th it's been trying to make ups it's mind, wanting to early on any trend up has it's problems..as not wanting to be in if she dives keeps me jumping in and out. So far I would be ahead since the 5th, but not all that much, and if it had not been for a fluke to the downside that took me out by a 1/32 I would have likely let it ride, but that stop should not have been hit, so I lost some faith. Personally I think both the perma bulls, and the perma bears are a little nutty. I have a new problem, the yield curve is inverted, & I know that is sick, as it does not make any kind of fiscal sense. I know there is tons of cash on the side lines, and it's not doing anything. And with this I know the so called social engineers, and great gurus in the financial world are just feeding us pabulum, including the FED and GreenSpam. I doubt they know where things are really going and just want to have their own rear ends covered. I also know no one can read the future of this mess any better than I can and if they do happen to out call me it's going to be by luck , not because they are smarter. I'm the first one to say you better KNOW what you can't call. At the dog track, out of 12 races if a handicapper don't scratch at least 1/2 of them as toss ups I know he don't know jack about handicapping. These real short term things I seem to call, yet I can't exploit them as I'm not set up like a SOES bandit, but that's not the same as calling the race, it's like watching the dogs after they came out of the box and seeing which ones cleared the first turn, with out getting bumped or boxed in and then making a call. <G> Even so I find that the majority on SI can't make the call till they damm near cross the finish line. I don't see any thing strange about the new H/Ls..considering the tick, the odd thing today would be the divergence between the NAZ and NYSE, I haven't looked at my Nifty Fifty yet. I need to get a program like Monty has to make better calls, thing is if I go onto that, then I'll want to become a SOES bandit, and I'm to old for running to Houston every day to trade to do that. Heck if I'm going to do that I may as well start going back to the track, it's a shorter drive, and a nicer place to work. At the dog track, you learn it's not the dogs your betting on, it's the crowd your betting against. Much the same with stocks. Jim