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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Arik T.G. who wrote (1668)11/21/1997 11:39:00 AM
From: Barbara Barry  Read Replies (1) | Respond to of 5676
 
ATG,
Great post!Does look to me the oex wants to get to ~928.I have also been watching the ~915 and 924. I will be in puts if the opportunity presents itself...but I only would look to buy one or two at a time.At least at this point, time is on my side, even though premiums are expensive.
We still may see some mgrs. want to lock in profits on a big move and if that were coupled with tax loss selling a swift downdraft would occur before ever seeing new highs. I see a lot of broken stocks that have not recovered.
Do you think a strong upside today would trigger a reversal on Monday as some believe?
Appreciate you comments,
Barbara