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

To: tekgk who wrote (10245)	12/5/1997 10:30:00 AM
From: Cynic 2005	Respond to of 18056

tek, indexes are charging ahead. But take a look at this: cbs.marketwatch.com NH, NL on NYSE are almost equal (NL are slightly more.) Of course, on NAZ NLs are far more than NHs. Don't jump in to selling your puts too soon. I think the indexes are being manipulated. If NHs improve by about 2 PM, then make a decision about selling your puts/shorts. -Mohan

To: tekgk who wrote (10245)	12/5/1997 10:38:00 AM
From: purecntry5	Respond to of 18056

IMO for today to finish this way its too psychologically rewarding for bulls and damaging for bears. Kind of sets the tone for the rest of December. Id wait till the end of the day before jumping either way. I personally got out of my longer term shorts a few days ago on some weakness when I saw I was standing in front of a train. Just daytrading riding some coatails now. Makes for better sleeping if nothing else! Good Luck Cowboy Brett

To: tekgk who wrote (10245)	12/5/1997 10:44:00 AM
From: bobby beara	Respond to of 18056

Hi tekgk, you may be capitulating to a trap if you sell today. I've done this myself one too many times. This could be a trap for bulls and bears, hold till Monday, I think you will be rewarded. This is a replay of the early August bond reversal and we are entering into earnings warning season at a highly overbought condition and sitting butt up against resistance bands. Go back and read some of GZ's recent posts. -Bob