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To: Patrick Slevin who wrote (13240)4/10/1998 5:12:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 17305
 
I think it's
incorrect to presume the market will continue up without a near-term correction....I
also think it's incorrect to presume we are on the verge of 1929.


bit of an exaggeration dont you think

I am not sure who is talking about being on the verge of 1929....

but its not me...nor is it David Plonk.

I think his time frame is too short...but I have seen numerous people that think a 995 area on the SPX cash is not out of the question for a healthy correction...but it doesnt have to get there in a three day time frame. However, for that kind of correction we need to see some negative block money flow on the SPX.

and you must think we are near a near-term correction or you wouldnt have bought puts and held them overnight..as that is not your typical trading style.



To: Patrick Slevin who wrote (13240)4/10/1998 7:59:00 PM
From: Robert F. Newton  Read Replies (1) | Respond to of 17305
 
Re: CYMI Upward - Works for me too ;)