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

To: Richard J. Byrd who wrote (14032)	2/11/1998 9:34:00 AM
From: Barbara Barry	Respond to of 94695

Dick and all... Bill's forecasts have been off lately and as I have stated the Barron's one is skewed because of stocks like lsi,cpq bay, etc...being high volume stocks under $40 and I don't consider these highly speculative. BUT anyone who follows the vix and trin can see we are staying at abnormally low (overbought) levels for quite a long time.This cannot last forever (IMHO) in the short term.Sure the trend is up but we will correct some.Until recently a/d and new highs were lagging etc.Not that Bill needs my defense...I just know you and the rest of us appreciate is posts alot.These are "unusual" times in several ways for short term TA.He is right...it just might take the market a few days to realize it!I for one am waiting,quite impatiently to get some puts for either Feb or March for a trade and always consider Bill's forecasts. I know you support Bill...I just wanted to add how rare these conditions are that haven't led to that 5% correction yet. Regards, Barbara