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Strategies & Market Trends : Waiting for the big Kahuna

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To: kas1 who wrote (4796)8/31/1997 9:25:00 AM
From: William H Huebl   of 94695
 
Hi Konrad,

If Ibexx reads this... apologies for the typos... tried to get back to correct them but couldn't.

I truly believe (and Ibexx and Joe Battaglia helped convince me) that as long as Joe Public (ooops... almost said Camel... politically incorrect for now) believes his stash is safe, then billions more for mutual funds here we come. Probably should have included Josetta in that.

So what the hey? Where is the choke point? Well as I said earlier on this thread, the trend break is around 7,200 and if I can see it, Joe can see it. If you read Schaeffer's latest, either on the Web or in Barron's this week, what amazed me is that 6 billion of public funds bet AGAINST the trend two weeks ago. And the oddlot shorts DROPPED which is contrary to what normally happens... shorts reflect fear... and two weeks ago NOT!

I haven't been watching the VIX, but as long as it stays over 20, I am not that concerned... yet. But looking at put/call ratios DROP makes me think even VIX will drop in the face of this volatility.

AND THEN WON'T WE HAVE FUN?

Regards,

Bill
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