The Naked Thread - Big Cajones Not a Myth Message Board

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Pastimes : The Naked Thread - Big Cajones Not a Myth

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To: John Pitera who wrote (93)	9/26/1999 8:29:00 PM
From: Jorj X Mckie	Read Replies (2) of 141

John, I am using the SPX as my main indicator and it came down to support and bounced back up. I expect to see 1300 before 1260. My real target for the SPX is 1310, but I will look to start buying puts at 1300. With some input from some knowledgeable people, I believe that the nuts might be the safe haven going into the rate hike. So depending on what time frame you are talking about, "it depends". This week, I believe that we go up on Monday and Tuesday, and then down through AG's fun-day. Rally on the rate hike with a "buy on the news" concept, but I expect it to fail pretty quickly. But then again, everyone is expecting a rally tomorrow, including me. This concerns me. The P&F indicator are very negative and major support was broken on the DJIA. This week - who knows Within the next 2 months - I expect to see the low 9000s on the DJIA I wouldn't be surprised if I change my views tomorrow after market close. Tom

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