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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 (33045)11/4/1998 6:57:00 PM
From: Barbara Barry  Respond to of 94695
 
Haim,
Boy did I learn another lesson today!Your advice was very good,even though I didn't get a chance to implement it.I was in at 3 3/4 and it went to almost 2..then I had a shot to exit puts at 4.Time to step back.It was pure luck.vgy and vix among others were not confirming a big dip.
Regards,
Barbara



To: Haim R. Branisteanu who wrote (33045)11/4/1998 7:19:00 PM
From: Copeland  Read Replies (3) | Respond to of 94695
 
Big warning signs:

Stochastics and RSI both give sell signals on the S&P 500 after
today's action -- minor support at 1050.

Same signals for NYSE Composite at 551 -- minor support at 520.

NASDAQ Composite is getting there.

Internet stocks breaking new highs.

Fund managers on CNN and CNBC warning about buying into the market
right now.

Mom called and she wants to put more money into the stock market.

In sum, we're in for a pullback very, very soon. At the latest, Friday.