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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 (11918)	12/19/1997 7:35:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

Hi Bill, I see reversal patterns all across the board. Some indices closed right at or near their highs. I may have an outside reversal in the SOX index. I'm impressed with today's action. 7550 did hold as the intraday low and 7750 also held on the close for the DOW. I just don't see us going lower. I believe bearshark hit the nail on the head, a considerable amount of selling pressure was spent today. Now, I may be full of bull, but that's my 2 cents worth since nobody asked. Have a good one. GZ

To: William H Huebl who wrote (11918)	12/19/1997 9:40:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 94695

Hi Bill The VIX at 35 is extreamly bullish IMO...it's fear almost at the height of fear...Bernie S. said last month and I posted something about it here.. When the VIX spikes to high levels like this...The OEX will move higher for many days...I don't remember now what I posted...I was hoping someone else would.. I bought at intraday today the Jan OEX 455 calls...I will hold these for a big winner, i hope... Damn! I can't remember what the hell I posted about this...But it was positive for sure...in fact Bill it was in his newsletter recently.. Does anyone have this info????? Thanks, Jerry