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Strategies & Market Trends : Waiting for the big Kahuna
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To: Chip McVickar who wrote (37970)3/5/1999 2:05:00 PM
From: Daflye  Read Replies (1) of 94695
 
Chip,
Took a small OEX put position around 1:35, may pull out though and eat the spread/commish. Gut says late say sell-off, but a small one.
Again, everything is walking a fine line. TRIN has resumed uptrend, breaking .63, TICK resumed downtrend, TYX headed back up, VIX back above 26.
I'm betting at OEX 630ish, shorts pile in, and get squeezzed.
I'll probably be exiting PUTS then, hopefully with a profit.
D
I'm probably jinxing myself by posting this. heh heh heh

edit 2:10: yep, think I jinxed myself. heh heh heh
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