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To: IQBAL LATIF who wrote (17067)	2/19/1998 6:52:00 PM
From: Chuck Molinary	Respond to of 50167

Ike, I'll add your "market brief" link (hopefully tonight). Thanks too for your explanation about covering your naked puts. Makes complete sense once you said they were at 1/8. Hope you're enjoying the food, Chuck

To: IQBAL LATIF who wrote (17067)	2/20/1998 7:54:00 AM
From: Beachside Bill	Read Replies (1) \| Respond to of 50167

IQBAL, From my post 3 weeks ago, the market didn't act in its normal fashion (I didn't get my little down week after the big push up on the first week) with the techs and has thrown typical TA off slightly. I see this kind of activity only a couple of times in a year. Must be what you call "bhumbo" (sp). Do to this effect...El Nino?, I have gone very long for Double Witching and expect to see a major run now. I will be watching very closely for any TA breaks since I am not usually long after options expiration and ready to run. No forecast on this run. It could be one week or it could go on into March. It may depend on the strength of the issue. Any thoughts? Regards.