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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Roger A. Babb who wrote (2166)2/2/1998 11:38:00 PM
From: Humblefrank   of 18691
 
Actually Roger I was thinking the high would be within the next week or two so that is pretty close to what you had in mind. I see it ending option expiration at S&P 970 as of now. If it goes up another 10 or 20 points that will be a big drop. That would be before things get really ugly. Of course, I could be as wrong as all the bears have been for the last several years, but I have a lot of confidence that we will at least drop back by option expiration. The big thing is still the Asian markets and how they will slow down next quarter's earnings. It seems this is being ignored, but that has happened several times in the last six months and we always come back to it. I'm not going to bother shorting individual stocks. I'm just going to go for the index.
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