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To: donald sew who wrote (39135)4/12/1998 1:23:00 AM
From: AlienTech  Respond to of 58727
 
>>My plan is a simple one, I am just going to start acquiring MAY PUTS, starting MONDAY. I will probably go with the DJX for now. <<

It dosent seem worth it, (for us mere mortals anyway)

P MAY98 90.0 2 1/16 2 1/16 2 3/16 -11/16 2 1/2 2 1/16 191 0 DJVQL

It has to be below 8800 for you to even break even on it, but for someone who can time it I guess the rewards will be good..



To: donald sew who wrote (39135)4/12/1998 7:19:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
I was just reviewing someone's work on Cycle Theory. I look at cycles once in a while. Cycles were used by one person I know to target last October's selloff to the day from back in July.

This guys work comes up with the following (I don't know if it's tongue in cheek, I don't know him).

There is a 30 year cycle measured from the high of December 2, 1968 that reaches a peak April 20, 1998.

There are two separate 15 year cycles measured from the low of August 7, 1982 that reach a peak April 20, 1998.

There is a 42 month cycle that reaches a peak on April 20, 1998.

There is a 61 year cycle measured from the March 1937 high that reaches a peak in April 1998.



To: donald sew who wrote (39135)4/12/1998 8:59:00 AM
From: j g cordes  Read Replies (1) | Respond to of 58727
 
Don, re your May puts plan.. sounds like a fisherman who says he knows the salmon run in May, so one starts by casting mid-stream. My only caveat to this is that the dow average has a bias to the upside because of its construction. What will work for you is if new money generally is being put to work in the mid-small caps thus leaving the dow more vulnerable than usual... which, so far, has not occured with noticable effect.

Jim