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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 (52329)	6/25/2001 4:00:57 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

It sure will. But there has been no panic yet. There should be one when they stop believing "the Fed will save us" mantra... Then (after the panic, not during the panic -g-) will be the time to buy. I suspect actually this may be the last leg down, so the panic selling could occur during this leg, BWDIK. It is difficult to imagine NDX below 500, but s... happens -g-

To: William H Huebl who wrote (52329)	6/25/2001 4:16:55 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

I agree on gold. Small speculators are net long over 20,000 options contracts (close to a record), commercials are taking the other side of the trade. Not the kind of situation where I would want to be long ...