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To: LLCF who wrote (89241)	4/3/2001 1:16:48 PM
From: pater tenebrarum	Respond to of 436258

that's the most likely progression. i have two ST alternatives i'm looking at: either we turn up late today from a low, and rally into Friday (in which case Friday/Monday would become the starting point of a sell-off lasting into April 23) , or we fall sharply into a Friday/Monday capitulation low, and get a rally into April 23 from there. if we're at a new intra-day low by 3:15 - 3:30 today, i'd take some put money off the table most likely, but not all. we're in a time window during which one should always keep a few far ootm BK puts imo.