Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (19200)	5/27/1998 8:00:00 AM
From: donald sew	Read Replies (1) of 94695

Bill, From my charts the overall market will become a CLASS 1 BUY, not just the HiTECHS if the DOW drops 100+ points, with the buy-in day as tomorrow. In many cases the rebound starts the day before. I am currently in PUTS and already doing over 100% and will close them if the DOW drops 100+ points and go long, probably with OEX or MSH CALLS. The other strategy I am considering is just getting CALLS and leave my PUTS in place which would create a strangle of sort, in case it drops more tomorrow. Right now the futures are down 9. Everything may also happen right at the open - who really knows. If we are down huge at the open I will probably just initiate the strangle since one never knows for sure -it could really dump even more. Seeya, and good luck with your calls - I will be there also.

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