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Strategies & Market Trends : The Millennium Crash
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To: Staff who wrote (1801)12/19/1997 4:49:00 AM
From: Arik T.G.  Read Replies (1) of 5676
 
Staff,

Things do seem to go our way:

GLOBEX PRICES AS OF 12/19/97 03:43
S&P 500 MAR98 954.00 -1090

Closed half my NDX put position, and left half for expiration this am.
Have also small OEX put position, and a few CSCO Jan puts.

We're on a 3 of 3 of 1 down on the Naz and many Naz stocks.
All have 5 EMA below 21 EMA (sell territory).
MSFT have the gap waitng to be filled at 100.
So far Dow stocks were not that affected - T, GE, PG reached new highs this week, and while NDX has dropped 18% from the top,
the SPX is only 3% from its high reaced only last week.
The dominos are falling. First it was the SOX, now the NDX.
Next are GE, PG and KO. Timing is everything.
Will they wait for Jan ?

ATG
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