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


To: Zeev Hed who wrote (11861)12/18/1997 10:31:00 PM
From: Rmn  Read Replies (2) | Respond to of 18056
 
Zeev, its like music to my ears. I'm long yen march puts. Cash sure
fells good.

What are the Fed Reserve Futures positons, and why are they important.

Thanks

Ramsey



To: Zeev Hed who wrote (11861)12/18/1997 11:37:00 PM
From: robnhood  Respond to of 18056
 
Zeev,,,I told you ,,,the bull is hungry,,,he needs energy ,,,Zeev ,,, I like your thinking , but it concerns me how you fit it into your,IMHO, selfish scenario.....
russell



To: Zeev Hed who wrote (11861)12/19/1997 12:54:00 AM
From: kormac  Respond to of 18056
 
web.kyoto-inet.or.jp



To: Zeev Hed who wrote (11861)12/19/1997 10:31:00 AM
From: HB  Read Replies (2) | Respond to of 18056
 
Zeev, you do covered calls on MRK?
I have a good friend with huge chunks of MRK and JNJ
and a basis that may be effectively zero. Any hints you can
share on a protective options strategy, or thoughts about the
future of the co.? I'm interested in ideas she can implement
with a few well placed limit orders, she's not the type to
stay glued to the tape...

Don't fire your tea leaves yet...

Howard



To: Zeev Hed who wrote (11861)12/19/1997 1:31:00 PM
From: GTC Trader  Read Replies (2) | Respond to of 18056
 
Zeev,

<< (and the disapearance in no time of my dear year end rally <VBG>) >>

It looks to me like we may had our Santa Rally the first week of December with the Bear starting to run as of 12/8. Is it possible that the Bear chased Santa away and it is downhill from here?

Even though the market has rebounded about 50% off the lows, it appears that key levels of support have been breached and a lot of technical, emotional, and psychological damage has been done. People are finally saying what you and Mohan have been saying for weeks. If people finally accept that what is happening in Asia is bad for us, then hasn't the bubble popped? Add to that the bearish comments from Merrill Lynch and Prudential, and I think that it adds up to a lot more reasons to sell than reasons to buy. Do you think the market will respond this way? Do you see the market moving upward or downward during the last hour or two today?

Yesterday and today seem to be mirror images of the Thursday and Friday before 10/27/97. More bad news from Asia and/or a reaction in their markets to a bad day today in Wall Street, might, in my opinion, trigger another Black Monday. If so, I don't think Tuesday will see a strong rebound like we saw on 10/28. Do you agree?

One bullish indicator: INTC has climbed back over 69. Amazing!

Your thoughts and comments, as always, would be greatly appreciated.

Happy

P.S. Are you related to Richard McCabe of Merrill Lynch. His statements yesterday sounded a lot like what you told SI several weeks ago! Maybe he is just catching up with his SI lurking !!! : ' )



To: Zeev Hed who wrote (11861)12/19/1997 1:49:00 PM
From: Syd Deem  Read Replies (2) | Respond to of 18056
 
Zeev - could you pull a few turnips within the next hour and guess how your scenario might look based on activity today. Realize you already stated a lot depends on Japan Sunday PM but thought you might have some ideas now. Really enjoy your posts.



To: Zeev Hed who wrote (11861)12/19/1997 3:08:00 PM
From: Joss  Respond to of 18056
 
Hi Zeev,

After watching the action of the markets today, dog stocks moving up while better stocks are going down...only to see a reversal in the better stocks but the dogs hang onto their gains, well....

I guess this is just a normal options expiry, where all the option players give their money to the house.

I think I will start growing some of those turnips which you haul around...then, at least, I would know what we were doing <grin>

Steve