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

To: Barbara Barry who wrote (17828)	5/2/1998 4:43:00 PM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

BB, Been hard at work (after car crapped out on way back from airport and had to buy pickup truck) checking on the state of the market. I think there is a good chance the move up WILL continue Monday and if it doesn't we are probably in for a retest of the low... IMHO... that is what usually happens. It is either 2-3 days of a continued move up or a retest. If it is a retest, I will be buying calls for the move up. If it keeps going up, however, I will be watching to buy puts by Thursday. If you look at both interest rates as well as the DOW, it makes sense that interest rates will bottom in a day or two and then reverse... if they are going to stay the trend. Of course if they break down, that would be the signal for a strong move up. (IMHO, BWDIK etc, etc, etc) I hope the cover of Barron's isn't one of your psych indicators... if so, we are in DEEP doodoo. Careful on playing this, it is a treacherous market! Bill