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To: The Perfect Hedge who wrote (7665)3/7/1999 9:27:00 PM
From: Lucretius  Respond to of 14427
 
We'll see about that.

I believe I heard the same H&S trash back in July when we melted down. I think many traders that hopped on the DOW 10,000 bandwagon are in for a real shock and some losses.

How can you say there isn't a crash near???????? good grief, look around you, how many stocks are falling out of the sky... INTC, COMS, etc. Liquidity is drying up, and there isn't enough cash to hold up stocks AND bonds....




To: The Perfect Hedge who wrote (7665)3/7/1999 9:33:00 PM
From: SJS  Respond to of 14427
 
Beebs,

The S&P futures are moving up tonight very nicely. Who knows where they will be tomorrow morning, but I suspect that there will be some level of follow through. I am still writing calls, though. Some of these March calls are very juicy for bull spreads, and covered writes.