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

To: Daflye who wrote (37507)	2/19/1999 2:47:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 94695

Sorry for the delay, I was trying to decide if this was a double top and to grab 630 puts or or a break out. Today is tough. I erally want to do something here but can't get a clear signal. I pulled the trigger on the last top but missed the fill. This whole rally stinks. It can't last long if the breadth doesn't improve quick. If it reverses after the bonds close without me, I am going to get ticked. I really want to grab some OEX puts here but there have been so many head fakes today I can't see pulling the trigger yet. They are building some good support here in the 622 area but I still think they need to get closer to 620. I will probably just watch at this rate as it gets more dangerous the closer to the close we get. All the indexes are up for the week except the NASDAQ so the J6P effect should be a little weaker this time. Good Luck, Lee