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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (31689)	10/15/1998 4:25:00 PM
From: Jay8088	Read Replies (1) \| Respond to of 94695

REVENGE OF THE BUBBLE MEISTER Greenspan's skillfully timed short rate cut (just as short positions have to be unwound) and fully coordinated action by the Plunge Protection Team fried shorts today. I tried to close out as many November puts as I could before the bell. October puts are history killed by the ruthless Grand Bubble Meister.. I guess in a time like these the best one can do is to survive and regroup. For now, the game over.

To: HairBall who wrote (31689)	10/15/1998 4:28:00 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 94695

Need I remind the exuberant bulls that after the last rate cut was announced, the Dow dropped 500 points in the following two days. Both rate cuts have been figured in now. The DJI chart with B-bands appears just like a perfect short sale candidate should... I'm short MU and holding. TW