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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (45232)12/29/1999 7:03:00 AM
From: yard_man  Read Replies (2) of 94695
 
I'm not a super-technical kind of guy ... but early yesterday it looked like the NAZ was going to reverse off a rapid climb in the morning after a few days of money "sloshing" between the indices --

It did reverse ... that's as clear a sell signal as I get.

I think puts on overextended techs are a good idea here -- take your pick, SUNW, EMC, MSFT, CSCO, LU, and one out of this category DELL for fundamental reasons and the puts are (were?) cheap ...

Maybe HD?

I'll try to buy a few more DELL Feb 40's today if the market doesn't drop like a rock this morning and the volatility doesn't increase too much. Happy trading in the new millenium.

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