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To: The Perfect Hedge who wrote (3047)9/17/1998 3:53:00 PM
From: Lucretius  Respond to of 14427
 
beebs, could be headed up. Ya never know. But you don't crash from the highs and it sure doesn't look obvious (else you wouldn't crash caue everyone would own putss, be short and have alredy sold--- ie- NO CRASH). There majority must belive everything is OK and that we will not be headed lower... much like your thoughts this afternoon. You crash after closing under 7000. That could be days or weeks ahead, or maybe never. I liked the action today. Tells me we're headed lower.

(I also like the fact that nobody knows why we're selling off, and the press is chalking it up to stupidty, jitters, or option expiration. The mkt talks to you if you listen.)

-Lucretius