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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Barbara Barry who wrote (17284)	4/25/1998 3:50:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Well If I do any put options I'll want out past May on most of them..but I have no reservations now..we are going down. The broad market (TIDE) is decending at about a rate of 3% a month, this rate could speed up at any time..at times you may see some rip tides or counter currents..but the TIDE is going out now it turned around April 3rd to 6th...as always when the tide first turnes it can be hard to discern, as it more often than not moves slowly at first. I'm a little late spotting it..but it's for sure going out now. I'm not hedging this in any way..the TIDE is falling. I'll be full short by Monday eve. The wave did not break as dramatic as our friend had said, but he did have the timing right on. If he went out a month or so on his contracts he got it right as the rise since then has just been a bubble..and I think that bubble has just about bursted. Except for the SOXX..but when it falls then it will be damm near to late to go short. Jim