OEX Short term trading Message Board

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Strategies & Market Trends : OEX Short term trading

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To: John M who wrote (12)	8/18/1997 10:26:00 PM
From: Sean McClellan	of 29

There is no reason for the market to stop going up. Last week's action became a self-fulfilling prophesy. Everyone said a correction was due, so the market found whatever reason it could to drag it down. Good for bargains, bad if you had to much in options ready to expire. I find the OEX too expensive to trade most the time though I did buy a Sept 900 call on Friday for a lot more than it is worth now. Wish I had some cash left to buy more, but will probly do bargain hunting in the blue chip and tech area with what I have left.

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