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

To: James F. Hopkins who wrote (17391)4/27/1998 8:10:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 94695
 
James, it's because of interest rate fears. The WSJ has the top story on the WSJIE about the idea that the Fed stance has shifted at the 3-30-98 meeting...article says the rates will probably be raised in a couple months.



To: James F. Hopkins who wrote (17391)4/27/1998 8:40:00 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
TO ALL, LOOKING MORE BAD AT THE OPEN , in fact right UGLY..furtures
are falling fast as the opening gets closer..don't forget
the stupid SEC went to the extreams in the changed circuit breakers
now 10/20/30 ..a strong down draft won't get checked untill it goes
most twice what it could before April 15..
Jim



To: James F. Hopkins who wrote (17391)4/27/1998 8:44:00 AM
From: RWS  Read Replies (2) | Respond to of 94695
 
It looks like wave 1 down ain't over after two days of decline, will probably end this morning with a spike v of 1 down, then a wave 2 bounce from a lower level. After wave 2 bounce look out below.

Ratan, I may sell puts on spike down this morning and buy them back on wave 2 bounce. Not interested in calls right now.

Good luck to all.

RWS


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