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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: scotty who wrote (11044)	12/7/1997 4:29:00 AM
From: Mike McFarland	Read Replies (3) \| Respond to of 94695

I haven't had any puts...gee for probably a year now. But I got my MSFT puts thursday...and my dow DEC 79's friday (toward the end of the trading day). After a big week last week why not? Either we break through the old highs and see a fast run up...perhaps a blowoff...(at which time I double down with later expirations) or the dow fails to break through and the chart looks like three strikes were out. Actually, I've always felt that looking at the charts was a lot of hooey, but I couldn't resist posting when I saw scotty did a similar thing. I heard mutual fund inflows were high last week, so cant be too happy about that, but I'd already bought my puts by the time I heard that.