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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert McHale who wrote (28929)	10/9/1999 4:00:00 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 99985

Yhoo is the same way. It says to me that the nets will come crashing down this week, probably starting Tuesday morning right to expiration. Doesn't seem likely right now, however, I have always theorized that the nets will do a final blowoff before the general market comes down hard. I believe the nets are very close to a top here and will correct shortly. Maybe after AOL reports? I know many have begun closing positions this past week, but there is too much money (naked puts) that the mm's will have to pay out if they do not correct this week. I sold 20 naked puts on YHOO Thursday, 25 out of the money and the market gave me $2 each. I hope to keep that $4,000 but would not be surprised if they pull these stocks closer to the max pans you noted and which is true for other internets. Time will tell! Steve D.