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To: RGinPG who wrote (5219)11/10/1998 10:09:00 AM
From: Lucretius  Read Replies (2) | Respond to of 14427
 
thought I'd mention.... I think the 2ndary top is in. If you were waiting to buy puts, I'd buy half now and the rest once we break 8000 (just in case there is one more knee jerk move that tries to get above 9000).

note that the new highs peaked about 5 days ago, and the new lows bottomed. Bear mkt rally is OVER, IMO.

KTEL and the action in the other internuts clinched it for me. And the Geron news and subsequent launch in the stock was very reminicent of Entremed last April when the broder mkt topped. Airlines and drillers also getting smashed just as they did this Summer... leading the way down.

-Lucretius



To: RGinPG who wrote (5219)11/10/1998 10:34:00 PM
From: NucTrader  Respond to of 14427
 
>>I imagine also that after the much anticipated and already priced in cut in Fed Funds rate that will occur in a couple of weeks, the market will correct.<<
OR...it will simply trample us on the way to DOW 10,000.....



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