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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (19238)	5/27/1998 2:24:00 PM
From: donald sew	Read Replies (1) of 94695

Hi Jim, >>>>>I think you got it, maybe one more spike ( but not a new high ).. then the sharper drop..this drop is to puny to be the real thing. <<<< Agree, I just initiated OEX calls when the DOW was down 150, but also kept my PUT spread in case of a last hour bigger selloff. I will be nimble enough to get out of my PUTS if we start running to the upside, or just may hold off till tomorrow. Its a strangle of sort. Seeya

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