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

To: Follies who wrote (27465)	9/11/1998 2:59:00 PM
From: Byram	Read Replies (1) \| Respond to of 94695

Wooooossshhhhhh- THere went this weeks profits......... At least on paper... well maybe Monday will be down.although I doubt it. Byram

To: Follies who wrote (27465)	9/11/1998 3:00:00 PM
From: GROUND ZERO™	Respond to of 94695

dale, All Aboard!!! The train is about to leave the station. Forgive me, but I don't think money cares who owns it. This market is ready for a serious bull rally. GZ

To: Follies who wrote (27465)	9/11/1998 3:19:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Dale; My opinion is that most of what we are seeing is very short term money trading in the market. Most the people are in Funds and the majority of them have not run to the exit. They are sold on the so called long term "fixed investment" of cost averaging, but that money is going into funds, before it hit's any stocks. I also think in spite of what some brokers have said recommending an weighting more to stocks, these same brokers want to get out of some positions, however most of the funds are raising cash levels. This short term trading has a lot to do with the futures , and arbitrage professionals, when they see a certain level of short positions they know how to pump the market and take out half of the shorts. So it's not the DEMs buying the dips so much, as the pump squeeze then dump pros. Not every one who goes short in the futures makes money, but to hear them talk you would think they did. Fact is they don't talk about what they lose, but in watching the contrasts I can tell you a lot of them are losing. That's an area for professionals who know they have what it takes to move the market. Most amateurs with some off the shelf canned program wind up getting clipped as soon as they over extend themselves. And stop orders often just get picked off, so that even in a down market shorts can and do lose money every time you see one of those gap ups , you can bet they just got clipped. There seems to be no end to the new blood that jumps in that game half cocked. Jim