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

To: Haim R. Branisteanu who wrote (24744)	9/3/1999 10:29:00 AM
From: Slow&steady	Read Replies (1) \| Respond to of 99985

Anyone care to comment on this from Barron's before the jobs report last month, [but applies, I guess any month]: "The greatest winners when the jobs number comes in low (and thus may herald lower interest rates) are the bank and brokerage sectors. But there are also ways to profit from a larger-than-forecast job report. Ramaswami [analyst article was about] determined that the Philadelphia Semiconductor, the Morgan Stanley High-Tech and the Morgan Stanley Cyclical indexes all get juiced upward when the number prints to the high side. [Santolini aug 1, 1999] ---why would semi's get swelled from high number & if so, would they get depressed from low number?

To: Haim R. Branisteanu who wrote (24744)	9/3/1999 12:02:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 99985

Haim; I did basically the same but not exactly, I had bought XLF since Monday and had a lot more of it than I really wanted. Each time it ticked down a 1/16th I was buying , my last at 23, so before the open I put 1/2 up for sale at 23-3/4.. Now I have to say something nice about waterhouse at this point, I got a price improvement on my limit order..to 23 61/64th tahts over 20 cents better than I was willing to accept, for that half. After that went, I kept watching and like you I took 23 15/16 for the balance, and I no sooner sold it & I saw her go to 24 1/8, it's funny but in my wiggling they gave me more a 1/64th more on the open than I took for the balance. Well I needed the gap up to offset my stupid bet on INTC puts, and I'm back to mostly cash now, except for my PPT, ( I like that monthly dividend ) it pays for all my margin costs, and then some. Jim