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Strategies & Market Trends : The OEX... gasp!
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To: Richard J. Byrd who wrote (556)2/20/1997 12:46:00 AM
From: The Jedi   of 658
 
The pull back may still come. The market is VERY STRANGE. It is beleived that a rumour about Greenspan's speech on Friday is supposed to carry negative remarks about the market and spooked the bond traders which resulted in downward pressure on bonds spilled onto the stocks and a single computer sell program triggered the 47 point decline. Need to look at OEX action tommorow before deciding whether market will keep going on and consolidating later or consolidating now and shoot up later. But intermediate long term direction still up, so scared to play puts.

Good luck
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