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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 (21015)	6/27/1998 11:22:00 AM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

Bill, Well if your Barron's says the opposite then we know you are right!<VBG> Your scenario sounds right.I hope that is not because I already believed it would hit later in July or Aug.July of 1996 I really got hurt with the small caps because I refused to believe what was right before my eyes.And in some cases was too close to overly optimistic management to go to cash.I was too much a speculator myself and even digging a deeper hole buying both stocks and calls.Back then we had a lot of companies losing money trading at 100-300 PE's....that was the speculative bubble.Now we have the internet stocks along with some techs again reaching all time highs. Even on the Naz the a/d is not too pretty.This week MIGHT prove to be that failed rally I mentioned,then a little pullback...I did not go into puts,thank goodness. I watched,for example, the oex 540's at 4 when the oex was at 558...didn't get filled but could have gotten a pt and a half...not worth what I saw with the time premiums being stripped..with the oex lower they are now under 4...no thanks.So I am patiently waiting. Maybe it's that weather you forecasted,but I am feeling you are right in my gut AND my bones!<GGG> Send me that chart you were looking at that gave you such a signal when you get a chance...please. Regards, Barbara