The OEX... gasp! Message Board

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Strategies & Market Trends : The OEX... gasp!

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To: Mark Soberman who wrote (336)	1/13/1997 11:10:00 PM
From: Stuart Briscoe	of 658

It could go either way, though for my Puts sake, I'm hoping for lower. Terry Bedford's newest market timing models are calling for selling through Tuesday and Wednesday, though it was wrong about the trend change to negative last Friday (very wrong). Any strong move lower and I'm sellling my Puts to preserve my trading capital. I might miss out on a strong selling rally to hold them past tomorrow, but unless I see a sell off tomorrow, I'm factoring in a sell tomorrow and moving into Feb options. Holding Puts into expiry can be extremely dangerous.

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