--- Begin Message ---
To: boggio@xxxxxxxxx
Subject: Re: MKT: S&P Looking Tired
From: swp <swp@xxxxxxxxxx>
Date: Thu, 19 Nov 1998 19:47:06 -0200
Organization: Poser Global Market Strategies Inc.
References: <3.0.5.32.19981119170411.008432f0@xxxxxxxxxxxxx>
Reply-To: swp@xxxxxxxxxx
Please, let's find a few people who disagree, or this market is just
going to scream!
Friday could be fun. It is options expiration. The gains do not make
sense. Though it is different than July, remember the week before the
Monday high was options expiration too. Chris Carolan said that he got a
sell signal from one of his options based systems too, something that he
says is very rare. The key will be to not trying to short it 555 times
before it does finally go down.
Here is an interesting thought too. Everybody is looking for a
CORRECTION. A relatively minor one at that -- 50 points on the spooz,
maybe a bit more, maybe a bit less. Maybe the way it &*(^&*&% everybody
is that it winds up a larger one. Not sayin' that's what I think, but we
will have to watch it.
Steve Poser
One final note. If we can get past 1160 (cash index) on volume, this
thing could go into the low 1200s which would really do what the market
does best, and maximize pain!
--- End Message ---