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

To: Bull RidaH who wrote (28405)	9/20/1998 12:32:00 AM
From: The Perfect Hedge	Respond to of 94695

david- thanks for your help last week.I managed just fine with my Sept puts..since you were talking about the 29 crash I thought you might like to see this...don't know if it's useful... urbansurvival.com

To: Bull RidaH who wrote (28405)	9/20/1998 4:35:00 PM
From: yard_man	Read Replies (1) \| Respond to of 94695

Being so bearish you don't get many comments. I am bearish also, but for different reasons. One question: Why are you convinced that the '29 crash will be so similar in nature to an upcoming crash if and when it occurs? TIA Tippet PS. By coicidence I have some Octobers clsoe to the same strike already, and may add some Novembers, but I don't expect that kind of decline all at once.

To: Bull RidaH who wrote (28405)	9/20/1998 8:36:00 PM
From: Investor2	Read Replies (1) \| Respond to of 94695

Thanks for the in-depth analysis. However, being new to the Elliott Wave theory, you lost me in the details. I think I got your message, though, in that you project a huge 1929-like bear market, unless the S&P closes over 1047. Is that right? Also, how will your read change if the S&P does close over 1047? Best wishes, I2

To: Bull RidaH who wrote (28405)	9/20/1998 10:03:00 PM
From: KM	Read Replies (1) \| Respond to of 94695

<<My recommendation is 450 October & November OEX puts bought early this coming week, along with short futures/stock positions.>> What should I do with my October 500 puts that I bought during the rally last Wednesday, then <ggg>?

To: Bull RidaH who wrote (28405)	9/22/1998 8:12:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 94695

David--fwiw--Prechter has now discounted an 'exact' replica of 29 format--instead is currently sticking to approx double the time to complete the same thing ---frankly, the jury is still out as to whether your 2 ended last Wed at 8103---I think we are doing a double ZZ up from the 7400 low and we may well have a 'c' to come to complete the second zz of this pattern-----More to the bigger picture----I think it is either a B wave or the (iv) of A --as I think there is a better than even chance that we have 1 more new high to come. I say this largely because on the weekly chart there has so far only been one negative divergence with the macd oscillator (the most recent one) since 1987 and logic suggests we will need at least one more divergence--ie we are now tracing out W4 not the early part of a Major drop. My 2c