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

To: GROUND ZERO™ who wrote (12986)	1/10/1998 6:44:00 PM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

GZ, Thanks. I FINALLY get it!;)Easiest to see on a weekly...then I don't have to count.<VBG>OK,now (and I believed earlier) it looks bad technically but how bad is this type of reversal as opposed to others? I guess a look at the pattern in Oct. says it all.But I don't think Jan puts are an "option",at least not for any big $ gains.With such fast moves there are always the dipsters.Next week will give us a great deal of foreshadowing.Then we will be a little closer to knowing if we get a rally to initiate puts.BWDIK.Heck, I don't know if I will buy a couple of calls for a succer's rally or just sit out. An I hate it when that happens!!;)Bill makes a good point about Jan 1996...I miss those days because I made a killing after that.My gut feeling is that the psychological factors are going to play havoc on our TA for the very short term.I KNOW technicals precede fundamentals,but these humans are screwing things up! Regards, Barbara PS Sorry if I ramble, but do let me know about the theory behind the consequences of this type of reversal.

To: GROUND ZERO™ who wrote (12986)	1/11/1998 1:53:00 AM
From: current trend	Read Replies (1) \| Respond to of 94695

There have been other outside reversal weeks recently --- DOW 8/1/97 --- 8/8/97 8328 ------ 8340 8049 ------ 7961 8194 ------ 8031 NASDAQ 12/5/97--- 12/12/97 1633 ------ 1652 1591 ------ 1517 1633 ------ 1536 Any added significance by being close together in the same market as well as across markets? CT