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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (5026)	9/16/2000 9:36:21 AM
From: Poet	Read Replies (1) \| Respond to of 10876

Hi Dan, That was a really well-written post on your thoughts on the market and I couldn't agree more. I'm trying to maintain a posture of cautious neutrality here, as I think we'll see more downside (though I'm unclear as to where, when, and the degree to which it will occur!) as well as a weaker fall rally than we saw in 1999. This is something I've been giving a lot of thought to, as I'm stronger on anticipating the psychological aspects of general market moves than I am on TA. Here's my thinking: We rally in Nov and Dec, but it's a gentler up slope than last year. People who have positioned themselves very bullishly in anticipation of a strong rally are disappointed. The presidential election is over, the oil situation has not abated, and people are feeling the sting of higher oil prices. I'm beginning to think a late Jan to Feb selloff may be stronger than most anticipate. For this reason, I hold no options with later than January expiry. EDIT: I found this post by lurquer on Voltaire's Porch, in which he writes much more clearly than I can: Message 14395881 About your IRA's: Are you aware that Wall St Access allows Leaps? I've got a WSA account but have not yet moved our IRA's there.