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Strategies & Market Trends : Waiting for the big Kahuna

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To: J.T. who wrote (2883)7/20/1997 9:38:00 PM
From: John Dally   of 94695
 
JT,

I printed your DOW 30 analysis last Sunday (BK#2450) looking for ideas, and you were right on. A few examples from your post:

"IBM wants 100 real bad (earnings related and not for faint of heart (gut says throwover to 103 to 105 area))"

"HWP needs to be watched very closely (triple top or breakout based on next two weeks earnings--stay away)"

The spectacular blow-offs in MSFT, IBM, SUNW, HWP, ORCL, and INTC last week convinced me that we're headed down.

Are there about three DOW stocks that you would recommend for (way) out the money puts? (I'm quite comfortable with long odds.) IP looks most interesting to me.

Thanks in advance, John.
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