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: Jan Robert Wolansky who wrote (32147)	10/21/1998 8:45:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Jan, I can understand your concern. Best I can recall, here is the sequence of events: - several weeks ago, I believed the market had turned bullish and we were on a move up... and it looked like I was right; - last week, the market had the props knocked out from under it... supports gave way. I mentioned that and was VERY concerned that the bull would turn out to be a bear. In fact, VGY is STILL very bearish even today; - GreenZpan, GZ's uncle, dropped interest rates which gave all the bulls turned bear investors reason to hope that we were back to our old BTD paradime and I went bullish after 500 points straight up. - Yesterday and again this morning, I mentioned the markets, based on VGY resistance, would struggle here... even though we are now bullish on DOW, still bearish on VGY (which is more NAZ than DOW in behavior); - tonight after doing my due diligence homework, I found that the resistance held and it LOOKS like we have a pull-back in the making. Based on Fib arcs, a 5% pullback is reasonable here. So I expect a pullback in a (potentially) bullish market. ALWAYS REMEMBER AND NEVER FORGET... I trade options and I need to be on the right side of the market in my trades or I get (usually) creamed! So I try to be sensitive to the ebb and flow of the markets so I can hop aboard bearish stock options on pullbacks and bullish stock options during upmoves. Good question and don't EVER hesitate to ask. Bill