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

To: Bull RidaH who wrote (34716)	12/1/1998 12:04:00 PM
From: epicure	Respond to of 94695

spx and iix puts definitely- and how about individual net stocks that suck and have no fundamentals?

To: Bull RidaH who wrote (34716)	12/1/1998 12:05:00 PM
From: SE	Respond to of 94695

David, Thanks, and no I did not. I had to step away from the computer and had a long phone call and am training a new employee (ACK to day jobs!) so I missed the entry at 52.50. I am still looking to get long and waiting for a pull-back to develop and it just keeps running. That is OK. Can't get them all and my powder is still dry and a waiting. You have got this one dead nuts on. Congrats. Scott

To: Bull RidaH who wrote (34716)	12/1/1998 12:30:00 PM
From: SE	Respond to of 94695

David, Currently looking at a sell divergence setting up for a short term scalp to the downside. Maybe a re-test of the 52 level before the 92 level....then again the pattern might never complete itself and we keep rocking... -Scott

To: Bull RidaH who wrote (34716)	12/1/1998 12:52:00 PM
From: Arik T.G.	Read Replies (2) \| Respond to of 94695

>>OPEN QUESTION TO THE THREAD: If you knew this was the day that the market made the high that may never be topped, what would be the best way to profit from this knowledge? Which instruments would be best to use in reaping the greatest rewards? Assume you don't know how large the upcoming drop will be, or how fast it will occur. Write naked close expiration slightly in the money calls on high volatility stocks (AOL, DELL) and keep shifting down the strikes whith the decline. Write deep OOM calls on YHOO and AMZN, and shift them down, too. Buy far expiration OOM puts on low volatility stocks (KO, PG). More applause to the 1 pt. miss this am. Between the white whatchamacallit on 11/23 and the black same whatchamacallit yesterday, and the expanding top formation with the failed high on Friday, we have a complete reversal pattern. Therefore the market should be too weak to reach 1192 again. IMO 1170 cash should hold as resistance, unless we're going to new highs. ATG