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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 (14404)2/25/1998 9:58:00 PM
From: Barbara Barry  Read Replies (2) | Respond to of 94695
 
Bill,
I guess I am getting lucky these days. If you stay purely technical and use two day charts as I do on tc2000 you will see there is nothing but strength.The only indicator that looks unreal is the vix.This train is very much like last spring and the volume is respectable.I still say it's nuts...but it is what it is...isn't it???<VBG>Index calls (not all) may still be in order..they moved more than you or I thought.I THOUGHT puts this week..but now they look ominous.My big disappointment is that I may have to look at April's and I never go that far out.We will cut through 8500 very easily,IMHO...then ????My psych indicators say this insanity can take us close to 9000 or at least 8700 very soon.Obviously,I have shocked myself since I was dumbe enough to buy puts two weeks ago when I warned you not to!This is the most trying time for our patience in months.
Regards,
Barbara