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Pastimes : Ask Mohan about the Market
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To: GTC Trader who wrote (10310)12/5/1997 6:36:00 PM
From: Zeev Hed  Read Replies (5) of 18056
 
I think that the market wants to get really exuberant before the mid JUanuary decline, what better way than making a new high on the Dow without confirmation from the troops? I would not lay out any additional puts here but toward the end of the month it might be interesting. As for the puts you have, I would say there might be a chance of a little retrenchment at the beginning of next week. But that is just that a chance. The market was handed an excuse to go down today (strong emplyment and 24 years low in unemployment) but did not use it. Go figure.

Zeev
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