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

To: William H Huebl who wrote (37245)	2/7/1999 9:00:00 AM
From: yard_man	Read Replies (1) \| Respond to of 94695

Where is it at? A more general question, Bill ... if this were the start of a larger downdraft than we have seend for quite sometime, how would you expect people to act differently. Puts will certainly be bought into any initial decline of a larger decline ... >>In fact, it is as high as several minor turnarounds which have occurred recently. << There is another good point -- the recent (shorter term) turnarounds have been quite small. I don't think we are ready for a BK, but perhaps a significant tech wreck at this point and as a result I'm not taking the puny doubles and triples that I have on a number of put positions now ... What do you look for in predicting a serious decline? One more question (sorry): I put this to Plonk also -- when the indicies forge ahead carried by a smaller number of issues, doesn't it make sense to analyze a collection of these ... Jim has his big cap thing to get the sentiment of MM's, but I have to wonder if one wouldn't just be better off looking at the NDX or the NDX plus a few other biggies for clues about where things are headed ...