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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (15447)	9/3/1998 9:42:00 PM
From: The Jedi	Read Replies (1) \| Respond to of 42787

Don't remind me of CCI. covered my long Oct 155 puts too early. CCI is toast. Next stop is 62 and then 45. MER is a short. Supports at 34 and 24. CMB at 20 I think we could see Dow at 7000 tommorow or next week and at 6400 by Sep 17 then a retrace to 8000. That would be a good time to hit these again, but I would not be going long the banks or brokerages. I would just load OTM puts for Jan or Mar 99 with least IV. The banks were leading this market up since 92 and 94. They will take it down faster. Banks would not be running counter to the bear market,and these are telling of what the Dow is going to be doing soon. Kiri Still regretting my covering the long CCI puts early. Kiri