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To: donald sew who wrote (39350)	4/13/1998 4:52:00 PM
From: Jerry Olson	Respond to of 58727

Don that is the one thing that will derail this market, higher interest rates...hang in there......

To: donald sew who wrote (39350)	4/13/1998 6:38:00 PM
From: Patrick Slevin	Respond to of 58727

Option Premium. Whether any of us are correct it boils down to premium in the options. It's Chinese torture if OEX or whatever puts decay for another day or two. I saw my April 535s hit a high of 8.25 and were offered at 8.375----where I picked my sell price---never traded there and dived to as low as 4.625 I'm sure most everyone knows this is not unusual expiration activity, if we're not dead-nuts with this the options are cooked. It's nice to be right, but nicer to make money on it. I have a golf game at 10 tomorrow and my puts are history at that point. It's too risky, to my way of thinking, to mess with this stuff this week. Anyway, if your analysis is correct, why not get flat as these 535s (for example) will dive as low as $2 by Wednesday afternoon. Wouldn't you think?

To: donald sew who wrote (39350)	4/13/1998 6:45:00 PM
From: Chris	Respond to of 58727

SP 500 CHART ***** donald, for you.. geocities.com top is close, maybe 1-3 week time frame.. all my opinion.

To: donald sew who wrote (39350)	4/13/1998 8:43:00 PM
From: CatLady	Read Replies (2) \| Respond to of 58727

<< It now appears that PLONK's, and Patricks, and my timing of the beginning of the pullback is now basicly in line, within a day. The key is that we now have 3 different analysis saying almost the same timing of the pullback. >> Pretty powerful statement when 3 smart folks all agree. My own indicators allow for the possibility of a 5 to 10 % pull back within the next three weeks, so I'm inclined to believe what you're seeing. Thanks to you and all the TSO posters for your analysis. -- Resuming lurk mode ---