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Non-Tech : Invest / LTD

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To: waverider who wrote (5573)	11/23/1998 10:27:00 PM
From: Lucretius	Read Replies (4) of 14427

I'm targeting 9700 to 9800 in the next few days and then BOMB. More than likely it will just DROP w/ very few pitstops along the way. I'm targeting DOW 5000 for the first leg then we get a bounce that lasts more than a few days. Many that exited this Summer will no doubt hop back in for the short trip to the high 9000's only to get left high and dry when the END comes. That's how the mkt works... those that bailed at 8900 are feeling as if they made a mistake and should get back in... the mkt will give them just enough time to get in before rolling over. This mkt is a powder keg waiting to be lit... what the match will be and on what day.... only God knows. When we break the trendline we are on (going back to the lows in Oct)...... LOOK OUT BELOW. Last week I rolled down and out any Jan 99's that I owned to April's and May's (wish I had done that a month ago?). Hope that's enough time? we'll see? Although I added some puts today (that could have been a mistake)... I won't add anymore until the mkt puts in a key reversal day. which could be soon. -Lucretius

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