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Strategies & Market Trends : Waiting for the big Kahuna

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To: Alan Smithee who wrote (858)6/12/1997 6:07:00 PM
From: William H Huebl   of 94695
 
Hi Dave,

All I can say is see my post to Andrew. I have gotten all the people who will listen to me at work out of the markets as of today.

I will be watching VERY closely and expect the following scenario to unfold...

- a short sell-off in the DOW down 50 - 100 points in the next couple of days.

- a continued move down the first couple days next week.

- a strong recovery and an attempt to exceed the current high by Thursday, June 12.

- an incredibly strong sell-off on Friday the 13th.

(and here is where my guessing runs out... either an attempted recovery and failure or a continued sell-off.)

I believe the time to fold is RIGHT NOW... better to be safe than sorry...

REGARDS TO EVERYONE READING THIS AND I HOPE YOU COME THROUGH UNSCATHED!!!

Bill

PS I am in BAY puts. BAY went down 3/8s today.
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