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


To: James F. Hopkins who wrote (19238)5/27/1998 2:24:00 PM
From: donald sew  Read Replies (1) | Respond to of 94695
 
Hi Jim,

>>>>>I think you got it, maybe one more spike ( but not a new high )..
then the sharper drop..this drop is to puny to be the real thing. <<<<

Agree, I just initiated OEX calls when the DOW was down 150, but also kept my PUT spread in case of a last hour bigger selloff. I will be nimble enough to get out of my PUTS if we start running to the upside, or just may hold off till tomorrow. Its a strangle of sort.

Seeya