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

To: bobby beara who wrote (1855)	12/26/1997 10:57:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 5676

BB, Sold my MSQ puts averaging 4 1/4 (bot av. 2 and change) Bot CYQ (CSCO) jan 60 puts instead. >> Might be a good call candidate to watch, for a pop back to the neckline in the next several trading sessions. Will not take any long stock position on MSFT. Looking to reenter the put position somewhere between 125-129. >>What do you think a good support would be? 100 -g- 100 is not support. MSFT IMO now has no supports. 100 is target for the 1st big move down. Since the stock has already moved over half the distance I would expect a correction of some sorts before down trend continues. The market is hanging by its fingernails lest it fall before new year. The dominos keep falling. GE 5 EMA crossed 21 EMA down on the 24th. Many good (bearish) signs including you using so many BWDIKs, Making '98 the Millennium Crash year. My guess is that the ominous break of the SPX 900 support will occur on the 3rd week of Jan. I've been waiting for that 900 break as confirmation since July. The dominos are falling. MSFT plunge is ignored by the market cause they've got the DOJ excuse for it. CSCO is next. Then GE. Game over when the queen is dead. IMO '98 wouldn't be that happy a year for many. Best wishes anyway. ATG