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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: joe smith who wrote (37265)	3/24/1998 6:43:00 PM
From: Jerry Olson	Respond to of 58727

Hi Joe IMO, this market has so much power, so much money, that it's ignoring bad news..PERIOD!!! you can not stand in front of this train... Yes there will come a time for shorting and buying OEX or DJX puts but, not now...just way too much money flowing in from fundies, mutuals, 401k's IRA's etc etc etc... as the market moves higher, the Fund Mgrs will HAVE to participate.. they have no choice...the euphoric feeling of the entire market has overwhelming bullishness for at least the next few weeks...and the contarian views of the option players is even that much more bullish... Joe, when the market corrects, it will be short and swift, IMO... Money is making this market resilient...interest rates are keeping a floor on the bottom...and the potential selloff... I am long the market BIG, will not fight the trend...and would need a serious reason to change my mind... Regards, Jerry