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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 (10032)11/19/1997 6:48:00 PM
From: Haim R. Branisteanu  Read Replies (3) | Respond to of 94695
 
Bill, not yet, there is still resistance around SPX 950, we almost got there today and it failed to penetrate.

Was able to close some puts I wrote at a 40% profit whit the stocks closing 1 Point blow yesterday open.

Tommorow or Friday may be a wild/interesting day. It seems to me that all the put writer made tons of $$$$.

Happy trading
Haim

BTW it is intereting that no one on this tread speaks about the mess and slowdown in Eastern Europe and the influence on all Europe. I anticipate that the internationals will disapoint on earnings. The BEAR is hier to stay.



To: William H Huebl who wrote (10032)11/19/1997 10:44:00 PM
From: Ed Pittman  Read Replies (1) | Respond to of 94695
 
Bill...
Well open my mouth in insert my foot.<G> I don't think we had a higher high today in the S&P Dec. but we sure closed higher..I normally get a break up or down from that point..
Well, I glad I wasn't in the OEX..But, I did buy some puts..The stock was unchanged.. i still think we are going down..Must be a lone bear. looking for a low by the end of the month.. Back to the drawing boards..<G>
Ed