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

To: ratan lal who wrote (18957)	5/22/1998 12:45:00 AM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Ratan, Believe me, I'm as nervous and skeptical about a selloff following through now as anybody. That's why I'm making this thing sell down through 1115 before I start getting real aggressive with positions. I had the good fortune of shorting with an average basis of 1125.4 today, so I will let this thing run up to 1124.30 before I stop out. But I'm hoping the 61.8% retracement area will hold from today's 1128.80 high to the 1114.50 low (which is 1123.30). I'm not going to let this whale hurt me no matter what it does. But we all know the market has been sick, and this wave read makes more sense for down now than any that have preceded it. Good luck and good trading, David

To: ratan lal who wrote (18957)	5/22/1998 9:59:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Hey wavers, i am in a quandry now NAZ down and SPX up wath a guy to do sit in cash?? <gggg> No offense intended my point is that it is a difficult market and those are sign of tops and bottom. The market action is to complex for me <ggg> Wen unsure stay in cash BWDIK Haim