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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (14922)	1/7/1999 12:54:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

true (I use it too much myself) but "near" for me is anytime w/in the next few months. Nobody is going to have called this top (unless they're lucky). I just think the prudent thing to do is BE OUT. And average into LEAP puts or a bear fund if you want to play the short side. Brazil now down 6%... ho hum I stated the other day, that I was getting a feeling that we are nearing a top. Still feel that way, although I think we have one or two more moves up w/in the next few days (if not, so be it). We keep getting these selloffs after each large rally.. eventually one of them is going to be BAD and cap this puppy off. Keep in mind that I think the reversal from the top is going to be lightning-fast and deep. I could see the intial decline being 10 to 15% w/in a few days before some kind of bounce. This should really shock most.