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

To: Barbara Barry who wrote (9856)	11/16/1997 5:14:00 PM
From: Harry Ehrlich	Respond to of 94695

Quick question: The calls on DJX seem to be clustered around 80, puts around 75. I'm not sure how to interpret this, there is more action for the puts than the calls at 75. Possibly, the market will rally to 8000, rendering all those 75 puts worthless as well the calls & puts at 80 (not much action on the 75 calls). I'm not perfectly clear on how that works. But I feel comfortable that the Dow will stay between 7500 and 8000 for the week. Any input would be appreciated. Harry

To: Barbara Barry who wrote (9856)	11/16/1997 6:03:00 PM
From: William H Huebl	Read Replies (4) \| Respond to of 94695

Hi Barbara, Well the oddlot short sales for NYSE in Barron's (YAS - I KNOW it's gabillion years old...) is almost double last week's... that says BUY. The most active stuff is just dressing on the cake. Or you could flip a coin... I abandoned using TC2000 for other than downloads. I use MetaStock 6.0 from Equis for my charting work as many on this thread already know. The issues as I see them are the unknowns, now reduced by 1 based on the Greenpants non-decision. Major ones are Iraq and SE Asia. Lesser are the Clintongate and 10 years since 1987 crash issues. (Now how do you like that - Pres is sending Hilliary to Siberia - and we thought the Russians only did that to dissidents!) And still 20 billion went into mutual funds last week... that's THE issue. Regards, Bill