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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 (11426)	12/12/1997 7:26:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

Hi Bill, to many are expecting a rally. SPX tested twice the 950 area and bounced up in theory we should have a rally to clean al the puts buyers, after cleaning the call buyers this week. Wrote some more puts (actual spreads) hoping to expire wortless this week, as some are out of the money on stocks who dived over 15%. I hope for a relative mild but quite brisk rally. Will watch SPX 985 carefully as we may have a upside meltup <ggg> only to reverse on a dime. I also speculate that the 16th will be an strong day and will not rule out some comments by the FED to signal LOWER INTEREST RATES!! Treasury and FX traders are kind of signaling a FED easing. Lower rates will make the $ cheaper and hurt less US companies who export their products. As to inflation, the FED may act in concert with Asia and Europe to inflate those countries out of trouble. It may sound "farfetcht" but that will the best way handle the crisis. It is my undertstanding that it gets uglier by the day in Asia, which will triger major anti-American sentiment. So lets inflate the world out of trouble!! Any takers?? Happy Trading HAim