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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 (13945)	2/6/1998 9:06:00 PM
From: Barbara Barry	Read Replies (2) \| Respond to of 94695

Bill, The points that Mr. Arms were making were based on historical (not today's hysterical) patterns. Current arms #s look like early Oct. I check the vix and that one is lower than before the crash.He said we seem to be in a trading range of 7500-8200 and should see a correction soon. It was confusing when he mentioned the high volume lately. He said when the volume is this high and we don't break out then we are topped out ( my interpretation) . But the market "could" see it's way higher on lower volume. Wish he would have expanded on that one..we'll have to try that tomorrow.He came up with this index 24 years ago and sounded pretty bearish. My daily charts say puts!My longer term chart says "Don't worry,be happy!" NOT! I am a trader and can't ride this roller coaster down. One silly little notion....The olympics are starting tonight and that may put a little more caffeine into this market.It may make Asia look wonderful to viewers.I bought a couple puts today at the close out of frustration and forgot about that Olympic indicator! OOPS!#$!%@#!# Regards, Barbara