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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (41261)7/1/1999 7:22:00 AM
From: William H Huebl  Read Replies (1) of 94695
 
Don,

I only have a couple of things going for my position...
- SCY is obscenely low... should be under .85 now and falling.
- except for yesterday, the volume has not been all that great.
- mutual fund flows, though maybe up for the past week (we will know tonight) have been relatively low.
- fear is a thing of the past.
- some indicators are in my favor... (butt, many are not).

I want to see some more evidence before I sell the farm and buy mega puts. What would do it for me is a major increase in the equity call/index put OI ratio to over 20. That would be the icing on the cake for me.

Bill
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