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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (17313)4/25/1998 8:01:00 PM
From: Haim R. Branisteanu  Read Replies (1) of 94695
 
Vitas, not yet we may correct some at those levels. But on the other hand a crash is the most unexpected and I do belive that it will start on a Monday.

As we are in the "Danger Zone" I am trying to be in cash over the weekends. The main fear is not so much of a drop as to the inability to place orders during a crash, if I am in the wrong position - e.g. long.

Would feel more comfortable to be short, but the high level of hedging and shorts is also dangerous - e.g. HWP moved 15% in a down market for no fundamental reason!!! -

Oh yes it was recommended but so what?? HWP is no KTEL <ggg>

Those are my 2 cents

BWDIK

Haim
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