Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (6866)	10/22/1997 10:37:00 PM
From: Richard J. Byrd	of 94695

Bill: Your call for tomorrow: < As long as the DOW remains over 8,000 I would be confident we should get a strong move to the upside ....... if trading gets below 8,000... that would increase the chances that the move will be to the downside and it could be over 100 points. >> I also am looking for an up day tomorrow. After the 200 point runnup, today's market showed good strength. Everytime there was some selling pressure, there were a whole bunch of buyers ready to part with their cash. But as of this time, the Globex is a little negative. I tried to catch a short term Put position in the OEX, but had to get out for a 3/4 point loss. I definitely did not want to hold it into Thursday. We will see. Keep up the great predictions. Dick

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