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Strategies & Market Trends : Waiting for the big Kahuna

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To: pater tenebrarum who wrote (46212)3/7/2000 2:21:00 PM
From: Lee Lichterman III  Read Replies (2) of 94695
 
Well my TRIN readings are showing that the big money isn't all gone yet and they are rushing out the door. Level 2 is also showing bying support drying up onthe NASDAQ darlings. SUNW hit an air pocket a couple minutes ago as there were no bids between 97 and 96 5/8. I can't even get CSCO to show up so I am blind on it.

Just to clarify, I was NOT talking about my dipping in teh NAS, I was looking at some DOW issues. Each time I get the urge though, I look at the transports being down 90 points and remove my head from my sphincter. <ggg>

Premiums are ridiculous here. I had teh DOW slated to touch 9700 so I was tempted to start legging into some LEAPs but they was 10 bucks premium which would take a rally to 11K to break even, the heck with that. I will wait for some carnaige. <g>

Did you see the guy writing on MDA about the TSE shutting down due to too much volume? Just think what it will be like if/when that happens over here. You may be the smart one staying out of this country to trade it. <ng>

Good Luck,

Lee
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