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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (55713)	10/17/1998 11:54:00 AM
From: ViperChick Secret Agent 006.9	Respond to of 58727

dont have IBM puts but I might have gotten them if I hadnt seen your post somewhere on the earnings..and then I would have been underwater thanks to greenie so you saved me some money I am seeing Oct 20 on the IBM thread and briefing.com has Tues ----------- To remove yourself from our mailing list send an email: TO: REMOVE@MAIL.PEI-INTL.COM SUBJECT: REMOVE Make sure you type REMOVE in the subject line and make sure you send your email to: REMOVE@MAIL.PEI-INTL.COM Thank you for registering to our web site. No doubt many of you were encouraged when the FED unexpectedly lowered rates. The talking heads on CNBC and CNN have soothed many nerves, but because you took the time to register, we'd like to warn you that the worst may not yet be in. The stock market is still vulnerable to a move to 6500 on the DOW or 844-757 on S&P Dec contract. Incidentally our Timing Models indicate Weekly Panic Cycles for most major currencies. This will likely impact the stock market.. In case you're wondering, a Panic Cycle is a model that tries to predict in advance the probability of an Outside Day (or a day when the range is greater than that of the previous day). We see Tuesday 10/20 and Friday 10/23 as the key days to watch next week. Panic Cycles do not indicate direction, but given that the market is rallying into this timeframe and given that we have a brick wall of 3 weekly bullish reversals at 1125.20 1127.90 1129.40 basis December contract, we believe the upside is limited. Do you really want to riska potential over 250 points down for a potential 50 points up??? Maybe you will want to hold off establishing a Short Postion until you see more evidence of weakness, but you sure as heck don't want to be long going into next week. One broker told us that out of 350 clients he serves, not one person wished to move money from the stock market into the safefty of a money market fund. NOT ONE! If you consider yourself contrarian (which of course everyone does), what does that tell you??? It tells me that the proverbial frog is happy in his jacuzzi even though the temprerature has been rising since July 20th, 1998. It will take a lot of pain to cause the average investor to panic. The average investor,having been long the market for over 3 years, is nowhere near his pain threshold. Perhaps this will not be true for much longer. For a more detailed discussion on the vulnerabilities of the stock market see the new article on the web by our chairman, Martin Armstrong. Go to our web site: pei-intl.com Click on MAIN On the White Page click on the article title: "Lower Rates--Bullish or a Bearish Omen" For a discussion on the Reversal System, click here: pei-intl.com TM It is still not too late to attend our Annual Seminar in Vancouver BC, but you will have to act fast. For information click here: pei-intl.com If you cannot attend the seminar but would like to order the tapes ($295) click here: pei-intl.com Many of you have subscribed to the "World Capital Market Review" but have had difficulty accessing it online. The problem is that if you orginally subscribed offline, then your name will not show up in our online database. The two databases are separate. We hope to rectify this problem shortly. Please bear with us. Hopefully by the time the next issue comes out we will have a way for you to access the WCMR online.