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

To: John Carson who wrote (44333)	11/2/1999 5:09:00 PM
From: wanmore	Read Replies (1) \| Respond to of 94695

another weird day...not many posts on the thread....I'd say the action was ugly today but that would just produce a big rally tomorrow LOL ...ahhhhhhh heck, there will probably be a big rally anyhow..I mean...the averages were down today right????...that means everything is a bargain, right??? I heard a broker on the radio yesterday say " There are so many good deals out there right now. If you bring me $1 million I could spend it all in no time." I thought to myself, "Irrational exuberance...I ...must....not....go....LONG. I ...must ....resist...the ...urge"

To: John Carson who wrote (44333)	11/2/1999 6:32:00 PM
From: William H Huebl	Respond to of 94695

John and Wanmore, The question to ask the broker is where is HIS money... studies show that less than 5% of all brokers trade the market... but that data is at LEAST 10 years old... mebbe more. I bought puts at the peak today... they went from 5/8 to 1 1/4 and settled at 1 1/16. The intra-day is -6 on a scale of -7 to 7. My indicators are in a strong sell mode and we should have a MINIMUM of 90 points more to go (figure I should get at least 3 on the puts?). The average over the past 9 (now 10) signals since June 1st is 350 points... max is 600. BWDIK? BTW, where is GZ and LT and, and, and, and.... <ggggggggg> Bill