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To: DavidG who wrote (37906)8/28/1998 11:31:00 AM
From: Trey McAtee  Read Replies (1) | Respond to of 53903
 
david--

agreed. someone on the TSO thread said that in a bear market we are usually up on fridays.now, i am not saying we are in a bear, but....

the dow looks very ugly. we keep dropping too slowly. i am still waiting for a selling crescendo so i can sell my puts and get into calls ST. i keep thinking it will happen, but i dont know when. wednesday i thought it would be thrusday afternoon. so much for my market timing<G>.

in all honesty, you could probably go long now. if you are patient and wait it will eventually pay off. however, i prefer to wait until i see some real buying. i may miss it by a point or more, but i would rather do that than be long and 5 points underwater.

i cant believe the nasdaq is getting beat up like this. the dow is the one that should be selling off<G>.

good luck to all,
trey