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To: Margaret Mateer who wrote (57980)	11/23/1998 2:15:00 PM
From: Rambi	Read Replies (1) \| Respond to of 58727

I'm sick to my stomach (eom)

To: Margaret Mateer who wrote (57980)	11/23/1998 2:47:00 PM
From: donald sew	Respond to of 58727

Margaret, As I previously mentioned, as long as the NEW HIGHs stayed below 100. Unfortunately for PUTs right now the NEW HIGHs exceeded 100, but not significantly. If it does not hold above 100 tomorrow and reverses immediately then it was just an overshoot, but if it continues up the market could continue up. On the negative side, the RUT, XAL, TRAN are up but still lagging the DOW on a intraday basis. As indicated earlier this morning, I did not like the relation of the TICK to the market to initiate PUTs. I still feel that the small investors are buying now. Unless there is a big selloff today, I am waiting at least a day to watch. seeya