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To: Thomas M. who wrote (6825)	9/23/1998 1:01:00 PM
From: yard_man	Read Replies (1) \| Respond to of 86076

Most of my put positions are November, December and January. I'm quite comfortable that this is long term enough. I believe a significant across the board decline will ensue by the end of October at the very latest. I won't be killed if I don't win -- I have mostly cash. Fundamentally I see the markets in denial. Could continue for another month or so. What's you take on things? Short term trend is up, I can see that, but I remain convinced we are in a bear market bounce.