Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (37243)	2/7/1999 7:26:00 AM
From: yard_man	Read Replies (1) of 94695

If I could call the market with 60 - 65% accuracy I'd be rich -- I don't do that ... I try to be long some things I think will go up and short (in puts) somethings I think will go down, biasing the mix at market extremes. 9,600 by Thursday looks highly unlikey to me now, but the market usually confounds the largest number of people at one time over the short term ... so that seems like it would fit the bill. Has the put/call ratio gone up some in the past few days? I'm generally very bearish in the next three months on anything related to PCs and to a lesser extent technology in general: including chips, boxmakers and one distributor in particular: CDWC. If we get a good downdraft, and I would expect at some point the erst of the market will take a hit with the NDX dropping some more -- I'll probably buy some oil service stocks for a 1 1/2 to 2 year time horizon ...

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