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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: r.edwards who wrote (24289)	8/31/1999 4:44:00 PM
From: Matthew L. Jones	Read Replies (3) \| Respond to of 99985

Lee, where would you recommend I read about trading index options? I like the idea of more leverage. That way I can make smaller bets with potentially better returns. I am familiar with equity option trading, but I have no understanding whatsoever about the index options. Not even interested in futures. Friend of mine lost a ton in a string of 7 consecutive lock limit-down moves. Nothing he could do. I guess I'm a control freak, but I couldn't handle that. Matt

To: r.edwards who wrote (24289)	8/31/1999 4:48:00 PM
From: Lee Lichterman III	Respond to of 99985

I hope you are right but I just plugged in today's OEX numbers and I show we could dip to around 680 which would make my best fork a perfect call and of course there is often an over shoot so I am sweating it. Regardless, the strength in the NDX and my signal are giving me a bit of confidence. We have had a couple days now with strong down TICKs of over 1000 so we are due a bounce (hopefully today wasn't it) I also have a problem believing that they want to show a strong down week ahead of a 3 day weekend when J6P can talk it over with his wife and decide to bail out of the market on Tuesday morning. No more bad news until Friday when employment numbers are released. Have to believe that they will use some fund inflows to cushion that release. Best of luck in your trade, especially since we are in the same direction <ggg> Good Luck, Lee