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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: IceShark who wrote (16988)1/26/1999 11:23:00 AM
From: Defrocked  Read Replies (2) of 86076
 
Temporary insanity rather than capitulation<g>...my play
is definitely short-term and won't hurt much if I'm
wrong. I'll replace the calls with puts in a couple
weeks as I'm just going with expected flow. I expect the
market to get seriously toppy in Mar/Apr. (but reserve
the right to change that target.<g>)

As you well know there is no rationale in this market. If
"the market" wants to go to 1350 SPX for a DJIA target of
10,000/10,100 I prefer not to get in the way. I intend to
still be standing, waiting there with a barrage of puts.<g>
If NAPM blips up for Chicago on Friday the bulls are just
nutty enough to consider it positive despite higher interest
rates and a changing Fed stance. BWTFDIK.

Maybe I should see a shrink<g> but I like being short Tbonds here.
Everybody is lined up for lower US rates(except the droves of corp.issuers). FWIW.
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