Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: ratan lal who wrote (16701)	4/17/1998 11:00:00 PM
From: Marq Spencer	Read Replies (1) of 94695

Ratan >>RWS did not say anything about SPX getting below 1109 to get in. I got the impression that once it crossed 1115 its time to get the puts.<< I did not buy any SPX puts today since I was waiting for a pullback after the SPX got to 1114-1115. Of course, it never looked back. I never try to guess the tops. I'm more comfortable waiting for the pullback (here I was looking for one below 1109). It limit, to some degree my gains. It also limits, to some degree, the risk. - Brian.

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