SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mark Adams who wrote (48917)10/17/2000 10:09:06 PM
From: William H Huebl  Read Replies (3) of 94695
 
Despite every reason to expect a possible crash tomorrow or Thursday... it may NOT happen???

When things didn't go according to plan today (expecting a continued move up with, perhaps, some weakness at the close), I went back and reviewed everything I could possibly look at...

- unless the lems get running in the next day or two, from a technical standpoint, I have to believe "support" - whatever that means - will hold and we may see a strong move UP (gack). Yeah, this still fits in with my volatility call for the week but I thought it would be up the first part of the week and then down the last. Not up down up...

- if this is so, it could REALLY get the shorts running and cause a very strong pop in the market... but I was not expecting such a strong pop.

I have (fantasy money of course) 100 djx calls at the 102 level and 450 MRK puts...

I am trying to buy some really cheap HM calls just as insurance... figure gold will pop if the market tanks.

Best I can do for now:

^XAL ready to turn bullish but still a mixed negative pix - Airline Index (AMEX)
^BIX ready to turn bullish but still a mixed negative pix - Banking Index (S&P)
^BKX ready to turn bullish but still a mixed negative pix - Banking Index (Philly) Options
^BTK should catch a strong buy in next couple of days??? Biotech Index (AMEX)
^BMX should catch a strong buy in next couple of days??? BoxMaker (Philly) Options
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext