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Strategies & Market Trends : Waiting for the big Kahuna

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To: J.T. who wrote (1813)7/2/1997 11:29:00 AM
From: Jerry Olson   of 94695
 
JT

I would not be a buyer into the face of a potential upside move of serious magnitude. What I mean is this.

The FED does not raise rates today

The Empl number tomr. is less than expected.

IBM closes over 92+

The S&P 500 index blows thru 900

We have an upside rally of 200-300 points to close over 7800++++

IF THIS OCCURS THERE WILL BE A BETTER TIME TO BE IN PUTS ON ANYTHING. JMVHO, Jerry
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