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

To: Brad Bolen who wrote (27305)	9/10/1998 10:07:00 PM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

Brad, Nope... IF we break 900 on SP500, THEN AND ONLY THEN would I consider the tactics you suggest. While we have only 24 DOW Globex points up right now and while I think NOBODY will be interested in holding over this weekend, somehow I still believe the markets have discounted much of what is happening. In fact, selling naked puts might make a lot of sense if you believe in the long term... you could pick up some REALLY cheap stock next week. Of course the questions is, what is cheap? Boeing at 30 may STILL be expensive if you can pick it up in a month at 15!!! Bill