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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

Nov 20 4:00 PM EST

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To: Benkea who wrote (24881)	9/3/1999 11:20:00 PM
From: James F. Hopkins	Read Replies (1) of 99985

LOL; Well I don't know either, that's why I sold into it <G> I closed USPIX monday on the close. I accumulated XLF from Monday a little on each days low, then yesterady when the VIX hit 28 I went in for the balance of my cash, had she dipped today I would not have got shaken out, not seeing that VIX yesterday I would have continued buying more on margin, ( once I get the buy signal it can take a few days but my hit average is so damm good with the DVI & VIX I just keep trying to add to my position on the low of the day until they pop.) In fact I was almost hoping it would give me a chance to add more today, but that pop was so strong and the Vix fell so fast with it, that heck I graped my profit and ran. I'm back cash and in no hurry. Well I held my PPT, but I don't trade it much once in it. it's not ever a very exciting play but I can use it for margin and the monthly dividend pays for my margin and then some, if by some odd chance she hits 7-3/8 my GTC sell will trigger.

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