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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 (18249)5/9/1998 8:26:00 AM
From: donald sew  Read Replies (3) | Respond to of 94695
 
Bill,

I have that same feeling that the market will pop again for the next 2-3 days. Tried to get some MAY OEX 540 calls on a limit order on Friday but did not get filled.

Hope it is a little weak at the open on Monday.

If the market runs 200-300 points it will do it on weaker legs than in the past. Do not feel that this possible rally will be all that broad based and it will do it on weaker technicals (NEW HIGHS/NEW LOWS, ADVANCE/DECLINE, etc). Certain sectors like the XAL, Transports, Banks will only participat marginally in such rally, but the rally should still happen.

Seeya



To: William H Huebl who wrote (18249)5/9/1998 12:35:00 PM
From: Barbara Barry  Read Replies (1) | Respond to of 94695
 
Bill,
I doubt if I will play next week in index otpions,maybe just pure stock picks.It takes all the fun out of it for me during expiry week as I watch the premiums erode....too much risk for me.I don't think you need Barron's anymore,but I still like to read it.Your new charts are really something!
Regards,
Barbara


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