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


To: James F. Hopkins who wrote (22146)7/23/1998 4:16:00 PM
From: Barbara Barry  Read Replies (2) | Respond to of 94695
 
Jim,
IMHO...I am looking for follow through tomorrow.But I won't be surprised to see and oversold on the vix,although that indicator has been worthless lately.<G>
I will bet 1120 and oex 540 will hold THIS time so I am looking at calls right now...then I will definately be nimble when puts look good.Those "dipsters" love this type of swift and severe decline.Gheez!First the talking heads say they are nervous...now they say summer rally!???
Regards,
Barbara



To: James F. Hopkins who wrote (22146)7/23/1998 4:42:00 PM
From: Bonnie Bear  Read Replies (1) | Respond to of 94695
 
Jim: report from the defensive sector: my longs held up really well today- REITs, utilities, value microcaps, a few brokers. I didn't see any panic selling, and saw buying in the REIT sector. Look at chart of MDY- maybe we'll see a reversal here as the pension plans find a place to stuff cash. There are stocks worth buying in the mid-caps. If not, it's kahuna time.