Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (11715)	12/16/1997 2:26:00 PM
From: William H Huebl	Read Replies (1) of 94695

BB, VIX has been telling me since the 12th that we have a 5% upmove underway. I didn't want to believe it for 2 reasons, EXPIRY week and Barron's says down. If you will go back to my forecasts I think I said this is an indication of high volatility which is appropriate for EXPIRY week. I tried to get BALJ at 1/16th and had I not been so cheap and settled for 3/16th yesterday, they are at least 1 today. But without a risk-reward of 1/16 I WILL NOT ENTER A TRADE IN A CLOSE OPTION (notice hand on Bible as I speak). If I do get a sell signal today, I will probably try for the put option, same stock at the open tomorrow. Bill

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