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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 (40382)6/1/1999 8:20:00 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 94695
 
Bill,

Shorts have been jumping on since mid May and will more than likley take some money off the table. This should give us a ralley.

Also the AD line has to break down more from current levels.

Don't get me wrong I think we are significantly over valued but 9000 and 1220 (SPX) are strong support levels.

of course IMHO

Jeff



To: William H Huebl who wrote (40382)6/1/1999 9:06:00 PM
From: drsvelte  Read Replies (1) | Respond to of 94695
 
"Tried to get 50 JPM puts today... but THAT sucker got away from me."

Bill, if you really believe we are headed to 7900 DOW in a couple of days, why (or how) could the JPM puts get away from you? I would think you would not be worried about buying at "your" price, given the magnitude of the meltdown you foresee. Why not simply buy at market?

I'm not trying to rag you, just get a sense of your thinking.



To: William H Huebl who wrote (40382)6/1/1999 9:32:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Bill,

Watch out for a short squeeze.....

GZ



To: William H Huebl who wrote (40382)6/1/1999 10:19:00 PM
From: Lucretius  Read Replies (1) | Respond to of 94695
 
7900 is a BK?

I was thinkin more like 4500 was a "BK".. but I'd take 9000 at this pt
-g-



To: William H Huebl who wrote (40382)6/1/1999 10:27:00 PM
From: KM  Read Replies (1) | Respond to of 94695
 
Bill: Is this prediction based on your SCY ratio or some other indicator?

BTW, I read this thread every day. Just don't post.

Truff