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Strategies & Market Trends : Waiting for the big Kahuna

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To: ratan lal who wrote (16185)	4/13/1998 12:25:00 PM
From: Death Sphincter	Read Replies (1) of 94695

ratan-if my read (guess) is right a retest of the interday low should come soon. David is far superior to me on wave knowledge so take what i say as just something to watch and not advice. i still have OEX puts. I MAY buy some Calls if it goes under 1100 S&P (527 OEX) BUT WITH $5 premium on the OEX April 530 (at OEX price 529) i would have to get at least a 5 pt. up on S&P to make much on the OEX 530 April Call. this is risky shit, and you need to have a decent understanding of what is happening in options and realize that it is set-up to take your $$$$ with slow and sideways movements. if David is correct: when this #1 wave down ends, #2 (consolidation-corrective-up) will begin. if you can pick the top of that entire move AND THEN< IF Preview Use Fixed Font....Terms of UseYou are responding to this message from ratan lal on Apr 13 1998 11:47AM EST carl If you understand all this wave theory, could you be the interpreter and post in layman's terms like, BUY puts now, Sell Puts now, buy calls etc. ratan

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