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Politics : Idea Of The Day

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To: Jerry Olson who wrote (26634)	5/27/1999 5:59:00 PM
From: Jorj X Mckie	Read Replies (1) of 50167

OJ, Oh, I put my bearish face on a couple of days ago...I even bought NEM calls. Still mostly cash right now, but I do have some put positions and a couple remaining calls (CS, NEM, no nutz). Of course DJIA broke another double bottom today. I am looking for your original target of 10350 to be achieved pretty quickly. If the NYSEBP does turn south, my target for the DJIA is around 10000 (the point of the last breakout). Jan posted the bell curve distribution of sectors and we don't look to be in a terribly overbought condition, so I think that the downside is limited. My worst case scenario would have to be a bounce of the BSL at 9650, but I don't think we will see that. Tom

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