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To: donald sew who wrote (51376)	9/2/1998 2:41:00 PM
From: joe smith	Read Replies (1) \| Respond to of 58727

don, how do you see the rest of today and tomorrow playing out? most indexes have gotten overbought on 15 and 30 min charts. the 60 min is on target to be overbought late today on a further rally or tomorrow. in a bull market that didnt mean too much. i tend to move into positions too early so i am using great restraint in not buying my nas 100 puts today. i do have some shorts still running should we go down from here. im thinking of 1280 as my target for trs morning and feel pretty comfortable that will be as high as it gets. however, feel there is a slight chance of hitting 1310/1320 range on friday. i give that about a 20% chance of happening. unless we tank at the open tomorrow i will buy half my puts trs am. depending on how high we get determines if i but the full position or just half in the am. js