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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (9936)6/10/1998 12:12:00 AM
From: AlanH  Read Replies (2) of 42787
 
Chris, re:don't see huge rally

Agreed. IMO, the market will drift in the AM, then rally in the afternoon despite what Fed Chairman says (or doesn't). Either way, I'll establish an out-of-money call calendar spread against OEX (Jun and Jul).

While I was getting ready to ride today, I heard AJ Cohen speaking on the market. Wow! If she wasn't reading a prompter, she was well prepared to answer ad hoc(?) questions. I don't watch CNBC often -- so maybe she's on all the time -- but this sort of stuff looks like an, "All is calm, don't panic," appeal. I've noticed an increase in DOW 10K talk lately [I understand that Cohen's 'sandbag' target is 9300]; again, since I don't watch CNBC regularly it's tough to make well-rounded comparisons.

Good hunting.
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