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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (26440)	5/24/1999 3:26:00 PM
From: J.T.	Read Replies (4) \| Respond to of 50167

DOW needs to hold 10640 into the close or we immediatley head to next support at 10330. Below this support is 10050 area. We have been in period of distribution for several weeks now. This correction is for real and across the board. DOW is now back to mid-April highs, SPX mid-March highs and COMP late-Jan highs. Indexes are now reverting back to 200 DMA. I bought JULY way out of money puts in DJX when we were down 120 when I felt comfortable we were going to close below 10740 with two hours before the bell. J.T.