Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: William H Huebl who wrote (10290)	11/23/1997 11:25:00 PM
From: Elllk	Read Replies (1) \| Respond to of 94695

Bill I'm ready for a sell-off. I would have preferred the sell off this past Friday when some of my shorter term fad puts expired on the horns of the adrenaline bull. But I still have some intermediate puts (December). If they pay off quickly I am looking at puts on YHOO re discussion on Mohan thread of YHOO and Softbank situation. MCAF, AGPH (heading down again), AIG, CTXS (finally), and CCI look like other good possibilites to me. Larry

To: William H Huebl who wrote (10290)	11/23/1997 11:41:00 PM
From: Elllk	Read Replies (1) \| Respond to of 94695

Bill Another point is that on any precipitous drop we should be buying some judicious calls so your list of the strong stocks is useful there. Thanks. Larry

To: William H Huebl who wrote (10290)	11/24/1997 1:34:00 AM
From: Ross McEathron	Read Replies (1) \| Respond to of 94695

Bill, <<I guess all we can agree to do is to disagree. This volatility surely isn't over with yet... need below 20 on VIX to signal mega move up... and that hasn't happened yet. So we are in a trading range until something happens and I believe mid or the end of Dec is that point...>> Have been reading about your VIX readings.ÿ Have looked back through many of the posts here and just haven't found the right one to explain how you use VIX in predicting market direction.ÿ Went back and tracked VIX for the last 3 years along with the market ups and downs and couldn't find the correlation between the two.ÿ I know I'm missing something, I just haven't figured out what it is. Are you looking for a threshold of some sort (you had mentioned being below 20 to be really bullish here) or are you looking at the overall direction, which is obviously in a major downward trend the last 7 trading days and therefore bullish for the market?ÿ What was it that occured on the 11th that signaled a short term bottom according to the VIX? So many questions, so little time!ÿ <gg> Thanks for the info, Ross