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

To: Haim R. Branisteanu who wrote (6854)	10/22/1997 8:15:00 PM
From: Bonnie Bear	Respond to of 94695

yup. I'm patient and I try always to average in, and allocate the risk. it is possible to make money in any market but one must be a true contrarian. Hedge is spy short at 950-980 that I can hold indefinitely and add to as "crash-proofing", defense contractor long, cash, cash, cash. 5-10% does not bother me at all. Though I seem to get abused a lot for being public on my time-indefinite short position there is no way to time a correction or crash perfectly. I keep an eye on schwab's international index, it has not finished correcting from the July 4 bubble. This one is interesting for me, this huge bubble that showed up only recently on the international index. It would be ideal to see a correction there. (= s&p at 650) Don't watch Hong Kong. Watch Shanghai now. Chinese markets are much more violent than Tokyo or US. Shanghai market is like a casino, very popularly used instead of casino there. (We seem to be learning from them) They can go violently oversold back to overbought in a few days. so somewhere where it looks like a bottom a little risk is OK, I will go with closed-end funds for these. BEN is going up while their losses in Asian mutual funds must be huge. Short-covering? Yes and no, if the SPX goes south it MAY happen as those markets go north. Asian banking sector must clean up its act before these markets are healthy again. The extent of the bad debt has not been disclosed, or a plan to recover.