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Strategies & Market Trends : Waiting for the big Kahuna

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To: Vitas who wrote (37640)2/24/1999 3:26:00 AM
From: Bull RidaH  Read Replies (3) of 94695
 
Vitas,

'Fraid to say i am... (Ready to Rumble!!).

Been working on the 'ol crash targets this evening. If we don't make higher highs on the 24th (Feb) than the 23rd (i.e., the top is in), then here's what i'm gunning for.

OEX 496
Dow 7934 (Cash)
Dow 7917 (Futures)
S&P 1017.60 (Cash)
S&P 1018.70 (Futures)

Timewise, I expect the worst of it (75% of the down move) to come between now and March 13th. But i doubt the down move will be over til the end of March. That's when we can bring out the deep sea fishing equipment for a lil bottom fishing.

U ready to mortgage the house for O.T.M. April puts? <g>

David
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