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Strategies & Market Trends : Tech Stock Options
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To: Barbara Barry who wrote (42403)5/6/1998 5:26:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
Yes, well. I am definitely having too much fun.

My plan is for the market to break Friday on strong numbers.

If the numbers are weak, my plan is for the market to break on Monday. I honestly think this dream of gold shall turn into pyrites shortly.

This stock market is a wonderful place to be.....just not now.

In December, people will be crying out how wonderful it was to be in for the long haul.

My opinion....such as it is....In June a lot of people will be saying why it was a mistake to be bullish at this point. Armchair quarterbacks.

Personally, I do not see why the issue of margin rates and interest rates are such a shock. Not that it is not okay with me. If.....indeed if....the bond breaks as a result of the action this week we should see a monsterous decline which should ensue in the following fashion.

A break of several hundred DJIA points and a recovery of perhaps 80% of that number.

From the Media? "All is well"

Another DJIA break and a recovery of 80%. Same garbage from the Media.

And on and on....until the media quiets down. Then a massive move by the US Markets to levels unbelievable by not only the end of the millenium but perhaps by the end of the year.

It's all intuitive, of course......
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