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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 (16724)	4/17/1998 7:10:00 AM
From: Tommaso	Read Replies (2) \| Respond to of 94695

More than 6.5 billion dollars went into equity funds last week: amgdata.com (click "news") The marketgauge indicators are mostly neutral with a few bearish and a few bullish. I judge this not to be a turning point. Of course, if the mutual fund managers panic and try to raise their cash levels even one percent on average, that could take the market down. But the public is evidently still euphoric. With regard to the violent fluctuations in money market mutual funds over the last two weeks, I would imagine that that has to do with paying income taxes. It does look like a down opening today, but I will be happily surprised if it persists. My guess would be 80 points down near the opening and then a struggle back to where it all started.

To: William H Huebl who wrote (16724)	4/17/1998 11:41:00 AM
From: Barbara Barry	Read Replies (2) \| Respond to of 94695

Bill, Yes, please! BTW you are saying soon,but last week you thought maybe June or later.What has changed your mind.My concern about May puts,was that this market is moving on it's own momentum and until yesterday or so it was not as extended as last year's run.Now I am getting a lot more serious about the may 530 oex puts...should get cheaper Mon.I wish all those "pros" on cnbc would stop saying we will get a 2-5% correction soon...that will surely jinx me!;)But I'll take it...then wondering if we set up for another rally and something like a July '96???? BWDIK Regards, Barbara