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To: pater tenebrarum who wrote (57787)	8/23/1999 1:28:00 PM
From: Jorj X Mckie	Read Replies (1) of 86076

Hi Heinz, I have most of the nutz coming up to P&F resistance (specifically the bearish resistance line), I sold the AMZN and OEX calls tha I bought on Friday and got into puts on both of them. Also added more DCLK puts. The P&F bearish resistance line has been a pretty good guide for getting out of long calls and getting into long puts for me. BTW: I am looking for a "sell the news" reaction to the fed. We are right up against resistance for most indices and I can't see blowing through them without a test or two. Who know though, I may be out of my put positions by Wednesday. Just playing the volatility now. Two more P&F market indicators have turned positive. This means that only the main indicator the NYSE bullish percent is still negative. JXM

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