Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom Trader who wrote (1679)	6/30/1997 6:37:00 AM
From: William H Huebl	of 94695

Wow Tom, Talk about a well reasoned posting... yours HAS to be one of the better ones I have seen (I don't want to say BEST because I don't want to alienate Jerry or David or others who have posted some really great things). Maybe we can approach this electronic conversation systematically... here are my views: - there are three types of environments.... trending, consolidating (which is trending sideways) and finally crashing (I guess it could be up or down... a blow-off could be considered a crash up???). - For trending... grab calls on good stocks going up in lower part of Raff Channel and puts on stocks in trouble in top half of Raff Channel; - For consolidating... catch the swings; - for crashes - use low cost out-of-money options on vulnerable stocks. - System: I have a set of indicators which should tell me when to get in and out of a stock.... I use the 200 day SMA to know which options to use... if it is up, in and out of calls and of course down... puts. The only deviation from that "System" is that during potential crash situations, I use out-of-money options where normally I use long-term in money options for trending and consolidating situations. Now as to the current situation... I am in puts and IF the top gets broken by more than 1%, AND my indicators go positive, I will sell my puts and take my losses and go long. And I don't know whether you do or do not want copies of charts emailed to you... Bill PS The BEEP was the top... the trend stops here. BUT THE QUESTION IS WHETHER THE MARKETS WILL GO SIDEWAYS OR DOWN... I am in puts because I believe the markets will fall. Now whether that is trending or crashing remains to be seen...

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