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To: pz who wrote (11346)2/5/1998 11:09:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 17305
 
I'm worried about tomorrow. Here's the deal.

If the market pulls back it's a good thing to prep an advance to new highs.

On the other hand, if the market shoots to higher highs right off the bat you gotta short it. It is a blowoff, with no legs.

What we have here Paul, is a market that is being driven by cash coming in to flesh out the 401K deal. This is typically "fresh out" of momentum by the 5th or 6th trading day of the month.

So puts are good. But we have to "pick" and "choose" where we get them, do you not agree?