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

To: William H Huebl who wrote (31755)	10/15/1998 11:12:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 94695

I'm wondering whether to buy puts on the Aussie Index (All Ords) today. We just seem to have touched the neckline on the SPX yesterday and then fell off slightly at the close. Do you think that trend will continue or is this a successful test? There are 116 new messages on this list since yesterday! David

To: William H Huebl who wrote (31755)	10/15/1998 11:34:00 PM
From: Andeveron	Read Replies (2) \| Respond to of 94695

Bill, Fridays are usually strong up days in Bear markets. The usual line is that shorts cover on Fridays since they don't want to hold over the weekend. Today may have wiped out all the shorts and tomorrow may be down? Would think momentum is on the side of the bulls...but everything just became a lot more expensive.