Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: ratan lal who wrote (18311)	5/11/1998 3:37:00 PM
From: donald sew	Read Replies (2) of 94695

Ratan, Shoot, I didnt want the market to pull back this much. Now it makes it harder to initiate PUTS. For any one point move in a DOW component is equal to about 3.3 DOW points. Right now the DOW is up 30 points, so DUPONT an GM contributes to all of the gain in the DOW right now. Was really hoping to see 9300 so I can initiate my puts, now I have to decide whether to initiate PUTS at lower levels. Hope it rebounds to the upside over the next few days, but doubt it. Lets see. Guess we are not going to see the huge runup as many suspected over the next few days. Seeya

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