Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Perfect Hedge who wrote (31965)	10/19/1998 12:52:00 AM
From: Greg Jung	Respond to of 94695

I don't see how you get that .. puts on the utilities? Their dividend payout is generally pretty safe so they should be strong in a low interest rate environment. I think its trading near all-time highs and should push higher. Good reason for the puts to be cheap. Greg

To: The Perfect Hedge who wrote (31965)	10/19/1998 6:29:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Beeble, DJU should pull back, 295 is first support and a 50% retrace, would expect a bounce from there and more pullback if the market is in a selling mode. Today looks like SPX topping day. McOscillator is very oversold +200 and we failed to take out 9/23 high. Don't know what the guy with the ears and tails has in store. Could be a .38-50% retrace, a restest or something more sinister -g- Here is an interesting note. If we turn here the NDX could be making a right shoulder with the 4/22 peak @ the 1310 area - also coincidently MSFT earnings came out at the time also. bb

To: The Perfect Hedge who wrote (31965)	10/21/1998 9:09:00 PM
From: bobby beara	Respond to of 94695

B. Yahoo, has a bear flag on nicely declining volume. bb

To: The Perfect Hedge who wrote (31965)	10/21/1998 9:40:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

B. csco retouched it's neckline on declining volume. LU has touched the trendline off the jan/sept lows. WMT triple top @69 On a elliott basis on several of these stocks I've mentioned I get a corrective wave four complete and next wave 5 down soon. I can't get this count on the index. Maybe greeny and the wall st gang have lead the lambs (and beara's) to slaughter -g- place your stops gentlemen and "Get Shorty" -g- bb