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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (6380)	10/27/1997 9:55:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 18056

Dan, Nikkei's down not much - only 4% -g-, but it's been going down for a while, and just broke the only clear support before 14,500. And, having just looked at our charts, today's close was not at any clear supports either. See next SPX = 840, Dow = 6,900, NDX = weak at ~930, then ~800, if MSFT gives. Looking at that chart makes me want to buy more NDX puts even at present levels. Not so long ago we were talking about this 0.8% down today, that is down a lot - 1.5%. Now: this is down 8%, that is 15% today. The one time drop reminds me of Oct 89 - the UAL deal falling apart. But, now there was a lot more prior damage. Joe