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


To: Haim R. Branisteanu who wrote (32075)10/20/1998 1:57:00 PM
From: Greg Jung  Respond to of 94695
 
But dollar went up +3.5 yen overnight. How'd that happen?
I think the only pocket of weakness in stocks is in oil services!
Are there funds tied to the r2000? C. Schwab connection is also sluggish and they had a breakdown in the a.m. Indiscriminant buying - if it hasn't risen yet, buy it because it will soon!

Greg



To: Haim R. Branisteanu who wrote (32075)10/20/1998 2:18:00 PM
From: set  Respond to of 94695
 
> he only problem I have calls are underpriced

for that reason, I'm thinking of selling in the money, but
waiting for the OEX to crack 540 first, which might not
be so fast in coming if at all. But it's the best way
I can think of at the moment to have workable stops.

Shahar



To: Haim R. Branisteanu who wrote (32075)10/20/1998 2:20:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 94695
 
Today's volume increase much steeper than yesterday's rally; it
has finally levelled off and S&P at 1080 for a while but Naz kept going from +20-> +34; This is some sort of rush of the sideline cash and I suppose we'll see how committed it is by the end of the week.
Hopefully my long will be spared the rush on the downside while my shorts get it in the a**. So far the long is outpacing the short.

Greg