Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William H Huebl who wrote (27970)	9/15/1998 7:57:00 PM
From: Gersh Avery	Read Replies (1) of 94695

Hi Bill .. Last couple of days have done some nice support work for the 200 SMA of the S&P .. now northbound past the end of my simple projection charts. Market has worked out nice for me. Sunday night put in an order to take the 401k from 100% cash to 100% bonds. The way this thing is set up the order takes two day to complete. So far the market has complied nicely. With the inverse relationship between stocks and bonds, I got in on a nice little dip. Witching unwinding is the only thing that makes sense to me. Posted to James in a PM that I expected this market to top out today... So far so good. I think that the push has been to get prices up to avoid paying out on a bunch of puts that are out there. In addition I figure that the effort will wear out early. In other words, a miss of the target .. to many resources used up to early in the fight to bring the market up. Should know by close tomorrow if this is the way it plays out. Gersh

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next