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

To: Oeconomicus who wrote (17575)	4/29/1998 11:49:00 AM
From: bobby beara	Read Replies (3) \| Respond to of 94695

-270 area on McClellan Oscillator only reached a few times in history, and mini crash day was one of the them. When it has hit there it has always signified a short term bottom - this time could be different?? Lots of fear and bearishness indicated by the vix spike and the big jump in put premiums. Beginning of the month inflows start shortly. One interpretation of E wave is that this is the 4th wave correction and we are now entering the 5th wave up from October lows. bwdik - been wrong before, but wouldn't be betting the farm on puts right now, bb