Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Heg Heg who wrote (3266)	7/26/1997 10:46:00 AM
From: William H Huebl	of 94695

Thanks Heg, My weekly Barron's forecast... I the oddlot short sales last week were up, and the market. rose as expected... but not with the exuberance expected. Open interest between equity calls and index puts... I figure it is near 10 now. STILL OBSCENELY HIGH. The price of the daily most actives during the week. It is over $50, it means to me that there IS NOT much speculation present... yet. And 4 days after a value over 45, the markets seem to rise. We had values over 50 2, 3 and 4 days ago... look out mama! I check out how many investment advisors are bears and bulls... a contrary indication. It is indecisive right now. So my forecast is a strong move up early in the week... again, 9,000 is my target. I will be trying to buy calls. But with the caveat below... WORD OF CAUTION TO OPTIONS TRADERS... we are coming into a period of low volatility as the pros take off on vacations. I can hear them saying now to their juniors, "Just keep cool and trade normally... don't try to corner the markets... just keep calm and objective. Follow the rules!" So stay out of short term options until mid-August or you will lose! BWDIK? Regards, Bill

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