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

To: Bull RidaH who wrote (27145)	9/10/1998 5:56:00 AM
From: Arik T.G.	Respond to of 94695

David, >>we've entered the threshold of the abyss. I agree. >>Whether it's the beginning of wave 5 of 1 of A, or wave 3 of 3 of 1 of A, it really makes no difference. We've got new lows coming soon. I agree. But it would make a difference a week from now. >>A real no brainer if there ever was one... Oui? Hey, I'm betting the farm against the market. It looks like a bear, it talks like a bear, it smells like a bear. Is it a bear trap? >>Mind you, one more attack to kill exuberant bears could always be launched, but would certainly be contained by Wednesday's high. I would be extremely suspicious should the market be up today, will unload most of my position at any sign that today's not a big down day. We need to get close to the previous low (Friday's 960) soon, or the panic won't set in. Minimum target for today's close in a crash scenario is lower 980s, with a visit to the high 70s. A classic if we close under Friday's close (971). >>Any suggestions for good add-ons for deep out of the money Sep puts with 20 bagger+ potential? The NDX index is composed of high flyers. i.v. of puts is horrible but in a crash scenario that doesn't matter, does it? I suggest the neighborhood of 1150. In a 20% decline of the NDX (SPX down no more then 14%) before expiration, it's a 20 bagger. The NDX options are European options (no early exercise), so after the big drop you can build a bear spread, selling the 1000 area short and making extra bucks on the premium. The NDX options last trade is on THURSDAY (they expire with FRIDAY OPEN value of the NDX). You can also try KO 55 (KO+UK), but call Warren Buffet for approval first. >>Daddy needs a new pair of Lambroghinis. LOL. And a new farm.... ATG