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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 (62109)	1/7/2003 12:53:41 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Yep. EW don't tell you when, but they often provide nice entry points. When is a matter of life and death in options trading. I also look at correlations - Typically, gold is inversly correlated to USD, which is correlated (lately) with stocks, not bonds. Interesting, eh? I'm surprised myself that the dollar does not follow bonds. I think XAU may fall to about 73 prior to expiration, but I was not willing to keep the puts because stocks are topping short term