The OEX... gasp! Message Board

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Strategies & Market Trends : The OEX... gasp!

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To: Andy Chen who wrote (40)	8/5/1996 1:24:00 AM
From: Steve Fancy	of 658

Andy, I had 20 AUG 640 calls averaged at 1 5/8. Sold 10 @ 3 on Thursday and 10 at 7 1/8 on Fri. Netted 4300 on 620's two weeks ago. The problem I see so far with this thread, is that everyone seems to think negative and follow charts, instead of researching the trends of economic reports (or other data pertinent to market direction) and how they tend to support each other and affect the stock market. I think we are quickly headed towards the overvalued situation we had, but expect a continued bounce to the upside short term. Remember this is an election year. From what I understand, history says no major trouble in the market on election years. On the other hand, there's always that first. SF

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