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

To: Berney who wrote (33318)	11/9/1998 2:43:00 AM
From: Gersh Avery	Read Replies (4) \| Respond to of 94695

Berney . My time delay prison is probably best for me. Because of it I'm having to look forward enough to move ahead of time. In the past I've had a tendency to hold for to long. And with options that can kill you off fast. The panic buying is why I'm still 25% in. If I'm off on the dip I expect then I still catch some of the ride. Japan rode the ponzi thing for a long time, didn't they? FA don't catch that wave TA don't catch that wave Just watchin' the cash does. If I had a faster response system now I'd be riding this out until the trin jumped over 1.2 and stayed there for over an hour. Then I'd be right back in the second it was back below 1. Volume or no .. The 20day slope on my chart right shows ~7.5 S&P points per day average! 50 billion dollars settin' on the side ready to jump! Now I'm expecting a pull back .. Watch the pull back just be flat for one day :o( I hope that the pull back takes place before the FOMC meeting .. some market fear of no interest rate cut would be real nice. That would set the stage for the panic buy on the eighteenth. High techs have been kinda flat so I would probably put ~50% into those then. If we don't get the pullback before the FOMC meeting then we should get a good one then .. If the panic buy starts this week and just keeps going I'll be asking someone to lower that pat on the back just a little. Oh well prudence .. no one went broke taking profit. 401k is up about 20% for the year so far. Gersh