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To: Don Green who wrote (6749)8/29/1998 3:41:00 AM
From: Drake  Respond to of 93625
 
Don, what makes you think the markets will "REALLY tank"?



To: Don Green who wrote (6749)8/29/1998 3:42:00 AM
From: Michel Bera  Read Replies (2) | Respond to of 93625
 
Don,

I am not too much a fan of Elliott Waves theory, but if I understand correctly, we just started a first leg of a 3-legs series going down.

As usual, all crystal balls are welcome as how we should consider the former 5-legs up series.

But if we go back to jan95, showing the acceleration of the logarithmic up-trend, retracement of 1/3 or 1/2 (logarithmic way)from 1995-1998 advance might bring back Dow level to 6000-6500.

Just my two Elliott cents.

MiB



To: Don Green who wrote (6749)8/29/1998 9:34:00 AM
From: Rosemary  Read Replies (1) | Respond to of 93625
 
Hi Don,

So we should trade the bounce and be prepared for anything. I wouldn't mind writing some more covered calls after the bounce. This market could be a boon if it's traded correctly in both directions.

I don't have any tax consequences.


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