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

To: yard_man who wrote (24082)	8/12/1998 6:56:00 PM
From: HairBall	Respond to of 94695

EDIT: Tippet: Excuuuusssseeeee me, I posted to the wrong person. James: A word of caution. Don't go by the percentage of posters on this BEAR thread or for that matter on SI. The general public, is the sheep to be sheered. They are still very much...ho hum! Regards, LG PS: Looked like S/MMs are still up to their old tricks!

To: yard_man who wrote (24082)	8/12/1998 9:35:00 PM
From: James F. Hopkins	Read Replies (4) \| Respond to of 94695

Tippet; Something don't jive at that site CHICAGO, Aug 11 (Reuters) - Growing anxiety about the latest stock market slide helped drive implied volatility on S&P 100 (^OEX - news) options sharply higher on Tuesday morning. By 0953 CDT/1443 GMT, the index was down 10.61 points, or 2 percent, to 521.82, off the morning's worst level of 518.64. The Market Volatility Index (^VIX - news), which measures implied volatility of several strikes on OEX options, spiked up 3.77 points, or 13 percent, to 32.13. ''There is quite a bit of panic in the air,'' said Jay Shartsis, director of options trading at R.F. Lafferty & Co. The dollar-weighted put-call ratio at the Chicago Board Options Exchange was showing about 2-1/2 puts purchased for every single call bought, Shartsis noted. ''Some of the sentiment indicators are looking better.... Sometimes these figures come at market bottoms, but I don't want to stand in front of this,'' he said. ---------------------------- biz.yahoo.com --------- I can tell when the bears are out , they start saying there aren't any. <G> One guy on CNBC today..it was clear he wanted the market to go on down..beating his drum saying he was waiting for "every one" to throw in the towel, and they haven't done that yet, but when he sees every one toss in the towel then he will call a bottom. What a stupid chunk he was, If over 15% of the investors were to cash out at any given time the market would go to zero before it bounced, so he's going to wait for every one. I guess he was to stupid to look at the volume when the market went down. Up till today we were damm near breaking all time records. Crap what you mean no bears, Last week I even posted that A.G.E. said we might hit 8000..(and I don't rule it out,) but when A.G.E. says something like that it don't get any more bearish. Well we are just about in between 8000 and 9000, and I'll bet any one stupid enough to take the bet, even money that we make 9000..before we make 8000, so speak up quick and I'll see if Jill on SI will hold the money, we send her a certified check, that she holds till which ever one comes first. Any bears want the bet, it's put up or shut up time. For any takers, the check must be dated by the bank tomorrow, and letter post marked to SI by tomorrow to be a valid bet, no sitting back after tomorrow waiting to see if it moves your way before you make up your mind. I'll trust Jill to hold up to 5K of my dough, if she will do it, so just how bearish do you feel. I say 9000 before 8000. Jim