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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (22295)7/25/1998 9:44:00 PM
From: William H Huebl  Read Replies (2) of 94695
 
BB,

You think like me! I want to play the call side of the move back up which should be considerable. Here are some things for us to consider:

- Zwieg is still diddlin around and is at least 3-5 days away from el setup.

- We haven't gotten a Utility volume reversal indication but that could be a day or two away. I want to wait for that indication before buying calls.

- We are starting to get another vol ROC spike which, if true, could peak Monday.

By the way, before I forget it, set your computer time to Monday to avoid the mother of all computer viruses. I did that a couple of minutes ago. The virus is set up to go off tomorrow when people boot up. I don't know whether any of us are infected, but I am not taking any chances. And that, even though I have about 3 virus programs scanning for such viruses.

And I might be interested in C puts???

What do you think?

Bill
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