Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (1893)	7/3/1997 9:27:00 AM
From: Tom Trader	of 94695

Good morning Bob, >>If your waiting for the Buffet indicator to make a nice orderly graceful exit, I think you'll be waiting in line with the masses and the exit is a single lane highway. << Now Bob, I told you that I am liquidating positions into strength--10% each week. I will sell another 10% today and I will be 40% liquidated. Our difference of opinion has never been whether it is wrong to take profits--but trying to call the top, within a strong uptrend, and taking bearish positions before the market has turned. I'll go a step further -- I WILL be short the market, through the S&P futures, if/when the the Big K hits--but when I go short it will not be in anticipation of the BigK but because I get a sell signal. The BigK will just be something that I happen to roll into--by accident. I went long additional contracts of the Sep S&P futures at 906 yesterday. The strong opening that is expected today is somewhat knee-jerk, and I have already placed an order to sell the additional contracts on the open at 920 or higher. May the trend be with you:) Take care.

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