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

To: Barbara Barry who wrote (16758)	4/17/1998 2:16:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Barbara, try to concentrate on stocks. As far as I am concerned I done nicely by writing option this week and collected premium. Some of the options are offered at 1/16 and no takers <ggg> so I will save on commission. as stated before I am not so smart to play index option. established one short position to take advantage of today's reflex rally. Anticipate down day Monday, will see BWDIK Haim

To: Barbara Barry who wrote (16758)	4/17/1998 7:38:00 PM
From: William H Huebl	Read Replies (3) \| Respond to of 94695

BB, I am NOT going into this market in puts UNTIL I get a signal from the ATR chart... as you see, the confirming chart, although itself gave a signal, was a fake-out. As far as the markets: - the cumulative binary wave chart is rather negative; - cumulative adaptive binary wave chart is also negative; - VIX is sending out sell signal after sell signal; - MACD daily is recovering and weekly is peaking. Again, it looks a lot like August with a little October thrown in for good measure. I am NOT willing to enter on put side without more evidence of bearishness... maybe Barron's will give that to me tomorrow. Bill