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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (17281)4/25/1998 2:06:00 PM
From: William H Huebl  Read Replies (1) of 94695
 
BB,

Absolutely nothing wrong with asking from what I stand, sit, etc...

iqc.com

The 5 minute SPY chart shows the turn-around in progress and the divergence of ALL indicators making higher lows while the SPY makes lower lows is telling.

For me, the sell-off will be AT LEAST 5%... and the bounce back up will hopefully knock a lot of premium off the puts... that ALWAYS seems to be the case and if you can position yourself so you have orders in place... well, THAT's a tough nut to crack.

I expect to be back late Wednesday night unless I can get an earlier flight out. I will post Thursday am early. I WILL have a laptop with me and if I could only figure how to use it...

Bill
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