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

To: Hank who wrote (30035)	4/3/1999 1:03:00 AM
From: John Pitera	Read Replies (3) \| Respond to of 86076

Hank, the central committee has assessed your arguments and the conclusion is BK is a Scurrilous Myth

To: Hank who wrote (30035)	4/3/1999 5:48:00 PM
From: yard_man	Respond to of 86076

Hank -- 1) is important at getting close to when something is going to happen. Two things have happened which makes me think this is really close. First, DOW 10,000 -- it happened so quickly, relatively speaking. The intraday push through it was discounted as nothing and people were still willing to pay for "insurance." In the meantime long rates have change direction -- to up. Then, DOW 10,000 --- the close above it. This has been taken by the traders as evidence that we are going much, much higher. Nobody places a premium on "insurance" any more. The thinking is -- the market is going higher, not falling, and no one needs insurance. It is the time to be liquidating longs; buying speculative put positions -- over the next few days. I think we begin a serious stumble in the next few weeks -- starting as early as next week.