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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (44522)	11/9/1999 6:23:00 PM
From: John Carson	Read Replies (1) \| Respond to of 94695

Was just about to buy some QQQ puts this afternoon, but then decided against it. I was checking out the December 132s at about 3 1/8. Now with CSCO posting some pretty good numbers I may have to wait a couple of days. Either way the NAZ 100 is overbought and it is only a matter of time before we have some kind of correction, maybe only 30-50%, but something. Seems the market could not care less AG is looming in the background and will be raising rates in just a few trading days. Market is oblivious to concept of three strikes and you are out. Cannot figure this market out. Will be all cash until I can make a reasonable attempt at it. I have to vent this out today because today is the closest I have come to shorting the market since I sold my DOW puts for a nice profit at DOW 10,200, bought them at DOW 11,000. Maybe AG and Y2K will start kicking in soon after blowoff top from CSCO and DELL.