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Hi,
no hindsight....... i will be buying oex aug 530 calls on monday, hopefully
after an early morning sell off, sell by friday. then load up on sep
540/550 puts and dump them in a few weeks when the dow is in the 7000's.
I'm starting with about $1,000
i'll let you all know what i build it up to by mid-sep. Coat tail or not,
it's up to you.
pretty simple though........
feedback....
gary
hawaii
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> From: JER3CUBE@xxxxxxx
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Market bottoms
> Date: Sunday, August 16, 1998 3:00 AM
>
> In a message dated 8/15/98 8:49:50 PM Eastern Daylight Time, Remotest
writes:
>
> <<
>
> I see what you are doing. Thanks. Raleigh >>
> See this weeks Barron's Market Watch column. Prechter is doing the same
> thing. Calling for an Aug 17th low (MONDAY) 31 days from the high, and
> a rally into AUGUST 24...maybe 28, then HARD DOWN.
>
> He relates the count to being identical with 1929. Why Not? It probably
> relates to counts in between. We have a habit of focussing on '29.
> Isn't it strange that we should do that?
>
> GerryB/jer33:3/eccl 1:9
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