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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Temple Williams who wrote (16220)	5/31/1998 10:35:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 67827

I was trading in '87.. and had puts going into Monday taken the week before. It "felt" like something was going to happen, especially as dollar/currency talk became very confusing. As I recall, none of us expected such short term dramatic moves to the downside, I sold well before the bottom and even took a few long positions assuming that while it was a crushing move a rebound would occur. I was fortunate to have not been whip sawed too much. Recently the currency woes in SEAsia, Hong Kong, SKorea, Indonesia and Japan have shown the necessity of keeping an eye on currencies when evaluating a market. This applies, of course, to our market as well.