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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (20089)	6/11/1998 4:15:00 PM
From: Oeconomicus	Read Replies (2) of 94695

Barb, I'm betting on follow through downward tomorrow. Partly because I went ahead and dumped half my June SPX puts at 4:00. Interesting thing was the price I got was more than 10% higher than my limit and I was only improving on the quoted ask by 1/8. Hope they don't try to renege on the trade. Anyway, had to dump some as I couldn't stand another whipsaw. How's that for capitulation? Tonight could be interesting. The Nikkei is sitting at 15,014. With the US down sharply, could be panic time for Tokyo. BWDIK? Bob

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