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

To: Haim R. Branisteanu who wrote (16605)	4/16/1998 8:45:00 AM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

Haim, (long post) Pretty interesting "tight rope" they must walk.I have wanted to buy puts for a long time,but I have expressed my thoughts the market wanted to go higher...it has.That scenario hints of recession and others argue higher rates to fight potential inflation.Earnings have indicated a contraction.With mixed signals from economic data we may have stagnation.My views on the market are VERY short term...i take it a day at a time.WE know the market can't climb 14% every quarter,but unless people really get spooked over interest rates,we may only get a quick pull back and then rally perhaps one last time before serious damage is done.The average investor is still part of what is drving this market,money managers are pressured to stay invested...so the buy the dip mentality still exists.IMHO.Even though I use TA,I DO listen to the "noise" and pay close attention to the fundementals.Often technicals preceed fundementals,but sooner our later they meet.Traders do not need fundementals,but investors surely do.I would prefer to be 80% investor and 20% trader but at the moment I cannot.Expiry week can do strange things,so this morning I can't say if put opportunities or call opportunities may present themselves first next week.I for one would be more comfortable with puts,but you have to be right at the right time.Everyone who bought April puts had excellent reasons and I believe they are right...but the when didn't cooperate.I do not know if today's down move will be enough to pull enough out of those premiiums paid. Yes,I am worried about this crazy market.Can you believe all the crazy upgrades lately?!Perhaps the stage is being set for a blow off top. Thanks for the link. What do YOU think,Haim? Regards, Barbara