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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 (21451)	7/10/1998 12:14:00 PM
From: Barbara Barry	Read Replies (2) \| Respond to of 94695

Bill, I have been here all along....just have nothing to add. I see the time premiums being stripped.IF I thought the real BK would be next week I would risk a little with puts.But I am not convinced yet because of my silly little psych indicators.Vix has been in the overbought mode for a while..but nada has happened.Internals are weak,but just looking at the charts we are not as overextended as before.So anything can happen?I have to stick with stocks for the moment and use restraint with the options.My gut has warned me against July puts...thinking we could still rally or at least stay in a range until as late as Aug or Sept.I don't think anything has occured yet that will gaurantee we won't try a break out beyond 9200.BWDIK?? Please let me know what your charts are doing after today...it is Friday so it might be skewed a tad. Regards, Barbara