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

To: Barbara Barry who wrote (33303)	11/8/1998 6:06:00 PM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

BB, We must reform our ways! The DOW 200 day MA is moving UP... yeah, 200 day ma for VGY is down... but in a turn-around situation and for index options, I think the DOW is the closer pick and it says buy calls and shun puts for now. We COULD have a pull-back to the 200 day ma which is a couple of hundred points lower. THAT would be a good time to exit those puts I would think... think preservation of capital here is in order, not speculation! <vbf> You may only have a day or two to exit, so keep on top of it IMHO. BWDIK etc. (Good luck....) Bill