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To: James Strauss who wrote (53135)	9/17/1998 10:10:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 58727

Hi James- are you still holding amzn puts?i'm thinking about jumping back in but I'm getting no clear signs on the broad market.The p&F folks just got a reversal back up and they are usually correct.Still,with the reversal the market can go down but I think the downside is limited... B

To: James Strauss who wrote (53135)	9/17/1998 10:16:00 PM
From: Andeveron	Read Replies (1) \| Respond to of 58727

>> The market is on the precipice now... << I'd like to believe that. Somehow, the bulls always have another ace that helps to spike the market up, whipsaw the bears and knock out the puts. Here's the possible event horizon that I can see in the near future: 1) IMF funding is re-instated by some stroke of idiocy and LATAM rockets up to ridiculous levels. USA banks rachet higher and the market moves with the sentiment. 2) Ken Starr's follow-up evidence is dismissed entirely. Market subsequently rises in relief rally. Or, if you're a conspiracy buff, Starr is found dead in a motel room wearing ladies underwear and clutching a suicide note. 3) Interest rate expectations are raised again, leading up into the next Fed meeting. Should be good for another +400 point move built only on wayward speculation.