For late fall walleye and crappie look for the steepest point dropping into the deepest hole in the lake. Fish with a jig and minnow or a lindy rig with a very short (less then 1 foot snell) and minnow. The jig will get you more bites usually but the lindy rig will catch bigger fish usually. Once the water temp drops below 40 always use a stinger hook on the jig. Fish vertically at the bottom of the break. Active fish will be at the bottom or slightly up the slope. Inactive fish will spread out in deeper water just out off the break. Late fall fishing is feast or famine. Once you find them they are generally feeding and schooled very tight. A few feet off the school can make a big difference.
We verticle fished today with T.H.E. Jig in 24 fow.The crappies and gills ran just off of the bottom to 14 feet down. Coming up 1 crank at a time we tagged 150 fish in 2 days. Here's the report. http://www.ckoutdoors.com/phpBB3/viewtopic.php?f=8&t=4382
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Even eminent chartered accountants are known, in their capacity as fishermen, blissfully to ignore differences between seven and ten inches, half a pound and two pounds, three fish and a dozen fish. ~ William Sherwood Fox, Silken Lines and Silver Hooks, 1954