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Politics : Idea Of The Day

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To: Judy who wrote (15559)	12/13/1997 11:00:00 AM
From: Judy	Read Replies (2) of 50167

Short/midterm Market Outlook Good morning, all Just did a cursory review of a dozen stock charts and their recent price-volume action. Examined some company and analyst reports also. My sense is that we have entered a tech bear market which will eat away at the overall market during the next couple of months. On any market strength or rally in the coming weeks, one may want to sell covered calls to hedge current holdings and buy cheap protective puts ahead of time for any long positions that one may leg into as the market slides. Will examine things more closely tomorrow, given time, and post any change in my views.

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