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

To: Bull RidaH who wrote (15622)	4/6/1998 5:51:00 PM
From: ratan lal	Respond to of 94695

David i read your post and it was quite clear to me. As I mentioned, I bought OEX puts just after 2:00 pm and (unfortunately) sold them at the close. Hope to do it again tomorrow. ratan

To: Bull RidaH who wrote (15622)	4/6/1998 5:56:00 PM
From: Peter Yang	Respond to of 94695

David, You made a terrific call. I read your post yesterday and have been thinking to check out your prediction. I'm surprised the accuracy of your prediction for today. I know if not for the mega merger, the market might have fallen out the bottom today. I'm mostly on cash recently and have been waiting for a correction to get back in again. I would appreciate it very much if you continue to post your predictions using your model. I'm particularly interested in the turning point to the upside after the correction. Thanks again,

To: Bull RidaH who wrote (15622)	4/6/1998 7:02:00 PM
From: FJV	Read Replies (2) \| Respond to of 94695

David, Your courage in predicting today's action without equivocation is to be admired. It does, however, lend itself to the inevitable ridicule heaped upon you by those without the knowledge, vision or stones to let it hang out there publicly. If you are wont to display such courage, understand that unwarranted criticism is part of the deal - even if you happen to be right. On a personal note, I happen to agree with your assessment of the market. I confess a profound lack of knowledge about Gann, Elliot and the effects of astrology on market movements. As an unreconstructed cynic who believes in the manipulative accumulation/distribution cycle of markets, today looks like a perfect short term top. The Travelers/Citicorp deal, Dow 9000 hype, etc., has provided the real players with a great opportunity to cash in what they have so deftly accumulated since October. As a simple man, logic dictates that rather than to use the OEX or other indices as a shorting vehicle, I've attempted to identify those stocks which seem most overvalued in an overvalued universe. Using more traditional FA and TA criteria such as P/E vs. earnings growth potential, stochastics, CCI, RSI, moneyflow and OBV, two of the high flyers with the most downside potential are Lucent and Gillette. I know one has just split and the other is about to, but current valuations are unlikely to be sustained, especially in the short term. I'll leave the index plays to you mavens of market timing. I apologize for the length of this post. Just don't let the doubters get you down. You have stones and that alone is enough for me to admire your position, even if I didn't happen to agree with you. BTW, Lisa, mia fulmine di SI, it's good to see you on another thread besides the drillers. Also, I know of no exact Italian translation for goddess in the king's Italian. I've heard the Sicilians use the term dianica (female diminutive of dio), but I can't imagine using Zena and dianica in the same context. Ciao Bella, Ci vediamo. I'm trying to mend my lurking ways. Va bene cara? Franco

To: Bull RidaH who wrote (15622)	4/6/1998 7:15:00 PM
From: robnhood	Read Replies (1) \| Respond to of 94695

Excellent call David. I would like yours or anyones thinking on D.J options vs OEX? Does anyone know how one can get quotes on these on here? russell