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


To: wanmore who wrote (44957)12/6/1999 11:29:00 PM
From: Lucretius  Read Replies (2) | Respond to of 94695
 
i own puts and gold and have for some time. its my feeling that when this pig ends it will end VERY fast and make gold's move this past Summer look like slow-motion....



To: wanmore who wrote (44957)12/7/1999 4:23:00 AM
From: Lee Lichterman III  Respond to of 94695
 
I think you are right but I am in a quandry what to do about it. I see banks got hammered again on both the BKX and BIX, I have over bought readings on a few other sector charts and the dollar got hammered again all signs the end is near yet I don't have sell signals on any of my major index charts yet like the SPX, OEX, NASDAQ etc. I am looking for short plays but there just don't seem to be any clear cut sells. I was predicting this weekend I would be short by tomorrow's close but I'll be darned if I know what I will be short on.

KO was my number one short play but I thought I had till Tuesday to get set up on it and then today's news let it jump the gun on me. Such is trading I guess. <g>

Good Luck,

Lee