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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (42464)7/29/1999 10:01:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Well, I covered my short positions at 1342.50 and 1349.10 and went long the SP's on the close... if we gap down big in the morning, I'll buy another pair.....

GZ



To: William H Huebl who wrote (42464)7/29/1999 10:52:00 PM
From: Skeet Shipman  Read Replies (2) | Respond to of 94695
 
Hi Bill,
I know your anxious to get this waterfall flowing and 6 1/2% on the bond would surely do that. Today the high was 6.111% with at least two more support/resistance levels before the upward trend continuation would be confirmed.
The stock market, today, also appeared to me as relatively complacent selling and buying, even though the Put/Call Ratio was .74. Most of put buying was in the indexes, contingency buying,(It caught traders by surprise). I'll have to check the mourning's blue lava lamp for an indication. I remain under an intermediate term sell signal but have not set a downside target as of now.
I keep getting bounced off this site as am writing this. A continuing omen of volatility. The thought of having to reload this computer is ____ uuuG!

Skeet

(I didn't know I was on a soapbox. I thought it was a historical observation tower of areas of distress.)