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

To: Robert Graham who wrote (41168)	4/24/1998 2:47:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

Well, I think you provide an intelligent/interesting view for discussion. But in my view, right or wrong, I think the professionals are selling this market. I think you are presupposing they are buying it. In any event whether you or I are correct.....this is where I think the rubber meets the road. It is a pullback of this nature which has the potential of creating a "Blow Off Top". Here is where a speculative frenzy may create a parabolic spike. Or, just a mere correction. I do not presume I am that in touch with what the funds are doing. My guess....just a guess...is that the pros should be selling. The liquidity you speak of, if there is even a marginal downturn, will in my opinion dry up very sharply. Only a few more days will tell us which is which, to my way of thinking.