Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: yard_man who wrote (27938)	9/15/1998 4:50:00 PM
From: donald sew	Read Replies (1) of 94695

Tippet, >>>>>> What do you make of the breadth? Naz has larger number of decliners. Move seems to be rather narrow, except for bounce of the airlines and banks. May not be convincing place to short -- but I wouldn't want to go long here. <<<<<<<<<<< Well the market isnt moving the way I expected. I think SEPT PUTs may be risky, but OCT's should still do fine. I am not convinced that this pullback is over. We are still below yesterdays highs, although that could be broken tomorrow at the open. the media was saying that the the banks (BKX) was supported by the hugh S.AMERICAN runup. I do not get charts on S.AMERICA, but in light of such a huge runup, there may not be continuation tomorrow on a technial basis. It may just be flat, or profit taking may step in.

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