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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (19679)8/31/1998 11:46:00 AM
From: James Strauss  Read Replies (1) | Respond to of 50167
 
Ray:

Sometimes the rubber band breaks when it is stretched too far... We may now be seeing this in the markets as one support level after another is broken... People are selling the rallies... That's more typical of BEAR market psychology than what happens during a correction in a Bull market when people buy the dips and hold...

Jim



To: Riskmgmt who wrote (19679)8/31/1998 1:17:00 PM
From: IQBAL LATIF  Read Replies (2) | Respond to of 50167
 
The pits are long at 1000 but these guys will get out around 992 and if the bears succed we may see 970 therefore this last stand is a real tough one-- I will below 996 add some 970 puts more to my existing 1010's -- will not pull the trigger until 1022 is taken out. Or I will take a chance on second dip and coming up around 1005=


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