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Strategies & Market Trends : Waiting for the big Kahuna

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To: epicure who wrote (21210)7/2/1998 1:08:00 PM
From: William H Huebl  Read Replies (1) of 94695
 
X,

This market REALLY is baffling... One of the absolutely BEST indicators I have ever know now just totally refuses to work.

So as to your question, CLASSICALLY, I would say you are right. But from a current "bubble-headed" thinking, it probably won't work out that way.

Since the rumor has not been denied right away, and they seem to have a hard time establishing credibility... I would give you much better than even odds that it is true. Another hint, where is that holiday rally? I think things may be much bleaker than anyone is saying and they are waiting for markets to close to make any announcements.

THAT is another reason I want more puts.

Bill
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