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

To: Bull RidaH who wrote (35780)	12/29/1998 3:11:00 PM
From: HairBall	Respond to of 94695

David: OT and it triples while I'm napping!! What a trading technique...<g> Regards, LG

To: Bull RidaH who wrote (35780)	12/29/1998 6:42:00 PM
From: Jan Robert Wolansky	Read Replies (1) \| Respond to of 94695

Hi David, what's your read on the SPX now that it has passed your short-term target? Do you think it will plow ahead further, or will we see the beginning of a pullback in the next few days? Jan

To: Bull RidaH who wrote (35780)	12/30/1998 2:15:00 AM
From: Death Sphincter	Respond to of 94695

David.....go back to sleep and wake up next week, i think the DJX 9400 will look good then.......here is my deal i had a 'not very strong' read that would have had the S&P stop a few days ago at 1229 and retrace back about 60 points 'minimum'....well it stopped at 1229 but didn't do it, therefore the read was dead and it flips me over to the second read which always appeared to be much stronger i exited most of my calls on Friday (except GE), and picked at a few puts on companies with warnings or bad vibes, NKE and PG, in case the read turned out right, no index yet the second read calls for S&P max 1267 area and DOW 9425 area and OEX 620ish and if they approach these levels me thinks it happens in the next few days....if the read is the way it is, then there has to be a MINIMUM 70 point drop to follow on the S&P, back to the 1194-1200 you've been talking about, minimum....that would make for some decent trades cold weather has me wearing wool underwear, getting very uncomfortable, just itchin' to discard not ready to streak an airplane yet, but i may flash my dog soon carl