Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (35822)	12/31/1998 3:21:00 AM
From: Lee Lichterman III	Read Replies (1) of 94695

You are still long SPX? I have a long term fork plotted from '96 using the major high in December 96 and the April 97 low that seems to be doing alright so far. As of today, we are at the top of that top fork with a 1245 top a mid tine at 1200 and a bottom tine of 1145. Unless the DOW carries it up further, most stocks are over bought and the SPX, OEX and NASDAQ are all at resistance points. Only the DOW is lagging with room to climb. I was planning on going short the OEX with puts with a planned exit around 600. BWTHDIK Lee

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