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Strategies & Market Trends : Waiting for the big Kahuna

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To: Lazarus_Long who wrote (11157)12/9/1997 3:37:00 PM
From: William H Huebl  Read Replies (5) of 94695
 
ALERT - FRIDAY SELL-OFF Jim,

IF (GREAT BIG IF) my indicators continue to forecast as well as they have, FRIDAY (Dec 12) has the potential for being a very strong down day. The most actives average $ yesterday were $38... the lowest in a long time!

I plan to take advantage of this as follows:

- tomorrow will probably be an up day... I will buy put option(s).
- Friday close, I will sell them.

Jim, all the VIX buy and sell signals tell us is there is the possibility of a 5% or more move before the next signal. Since the last buy signal, there has been a 5% move up.

And just because we haven't gotten a signal yet, doesn't mean we won't get one next week... although I wouldn't bet the farm on it!

The other thing you can do is what they taught you in school in the event of a nuclear bomb attack...

Regards,

Bill
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