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

To: CatLady who wrote (11872)	12/18/1997 10:20:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

CL, You should read my favorite saying in my bio... Now I am NOT saying we won't have a volatile day tomorrow... what with triple witching, AND the -11 pt neg Globex... we could open limit down easily... - on July 16, 1996, the NAZ intraday was DOWN 8% BELOW it's 200 day simple moving average. Tomorrow, the NAZ would have to get to 1,380 to equal that! - several brokers have issued earnings warnings on the markets in general for next year. That HAS to have an affect on what happens tomorrow... I, for one will be trying to buy 75 AOL CALLS at a 'steenth' tomorrow in anticipation of the return... The risk-reward is about 1:100 and I can only lose if either the bottom drops out of the market, a very unlikely event OR if AOL closes at the lows of the day... So as I said, YOU MUST FIND THE NICHE/SYSTEM THAT WORKS BEST FOR YOU AND IF YOU THINK AN EMOTIONAL REVIEW WILL WORK, I JUST HOPE YOU ARE STRONG ENOUGH TO OVERCOME THE TURMOIL OF A HEATED SELL-OFF. BWDIK? Bill