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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: h8_2_b_l8 who wrote (12721)	10/30/2002 6:49:39 PM
From: ig	Read Replies (1) \| Respond to of 30712

"I think we'll need one more good push up" I agree and I think we'll get it. It's been a great bear-market rally so far. (The divergences told all: Message 18080592 ) As noted earlier, it's especially hard to call tops on bear market countertrend rallies. I'm not going to try to pick a top on the Naz, but I have my eye on a number for the Dow: 9100. If there's interest, I'll be glad to explain why 9100 looks so good to me. If we get there, I'm going in long on cheap DIA otm puts -- some for November (if the market tanks after the election as I think it will, these will pay off nicely!) and some farther out, maybe as far as June 2003. I'm betting on Dow 5000. If the Dow hits a post-election 9100 (or even 9400!?) on a crazy surge of rookie short-covering and manic rally-chasing, these puts are going to be a steal! ig