The OEX... gasp! Message Board

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Strategies & Market Trends : The OEX... gasp!

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To: george saintonge who wrote (23)	7/23/1996 10:41:00 PM
From: shadowman	of 658

George and all: For what its worth.....this may be on another thread, Elaine Garzarelli an analyst with a fairly good reputation for calling the market, said go to cash. She estimates the S&P will drop to 510-570 level. I didn't here any time frame. But I assume she means short term. The way the market is behaving, it could be very soon. As an index option player I'm fairly comfortable that puts are the side to ride right now. But if and when the market decides to reverse (up) it could be fast and furious. A little out of the money call holdings can ease the nerves. Hang on and good luck.

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