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To: BigBull who wrote (56577)	12/9/1999 1:28:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

OT Big, almost everything has been in a bear, except the averages, led by the big techs, internets and a few other nifty's. I understand the specialist interest is a good indicator, although I looked at it once, maybe last year or early this year, and they took a bath -- had to cover and sent the averages soaring. I haven't looked at it in awhile. The averages have to go down at some point, though, right? Index puts are too expensive for my liking. They also have the disadvantage of not paying off in times of sector rotation. I learned the hard way. I prefer puts on individual issues. I don't have any at present, though. I hope you make a killing on your puts, if you get them.