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

To: donald sew who wrote (31772)	10/16/1998 1:13:00 AM
From: B.REVERE	Respond to of 94695

Don, Gs may have saved his buddies, but there are a few brokerage houses who will go under if this market doesn't fall at least 2% tomorrow. Even that amount might be too small to save them all. If a major player falls due to the fed's engineering of this market, look for the Justice Dept. to find their way to Gs's house. The Rubin-Greenspam roadshow is about to close. Later, BR

To: donald sew who wrote (31772)	10/16/1998 1:38:00 AM
From: B.REVERE	Read Replies (3) \| Respond to of 94695

Don, forget about the oex for now. The spx all of a sudden has an additional 80,000 contracts in the money at an average price of 60 if the spx closes tomorrow morning at today's close. If my math is right, that's about 1/2 billion due from the brokers just from the spx. MM's like to try and settle at a midway point to expire as many contracts worthless as possible. Midway starting today was around 1005. OEX mid was near 490. These guys are in trouble. Check the futures in the morning, s/b lock limit down. BR

To: donald sew who wrote (31772)	10/16/1998 2:36:00 AM
From: Moominoid	Read Replies (2) \| Respond to of 94695

I can't see how we can "zoom" on Friday. My technical indicators all show a lot of resistance on the SPX. For example, the 13 and 34 day Bollinger Bands that I track are both just above this point. The conventional 20 day band is being severely "stretched". I'd expect a similar move to earlier this week where we track sideways for a day or two. After that I suspect up again. I wouldn't be too surprised by a double 1180 (+/-) top on the SPX before the real crash (if there is one). I was thinking of buying puts here in Aus today but then changed my mind. I liquidated the last lot on the 13th. David