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

To: re3 who wrote (27353)	9/26/1999 4:22:00 PM
From: Sergio H	Read Replies (3) \| Respond to of 99985

TIMING THE MARKET OCT. 16, 1987 - Dow falls 108.35 (-5%), marking the fist Dow loss of over 100 points in the history of the Dow. OCT. 19, 1987 - Better known as "Black Monday" - Dow falls 508 points (-30%). Market correction lasted just a few days. Trend was established and over with before most people realized there was a correction. So much for market timing. Sergio

To: re3 who wrote (27353)	9/26/1999 4:27:00 PM
From: LTK007	Read Replies (1) \| Respond to of 99985

<<but the mania may have ended a week ago or may run for a few more months yet.>> the mania factor is what is making these calls so tough near term--most especially in NETS(due to the XMAS season drum beating) and in the tech IPOS,such as RBAK and RHAT. I myself will probably add a call position to my Oct puts on EBAY--tomorrow---have to see how it opens---actually,I hoping for EBAY to have a BAD day tomorrow in order to place a call position.Good Luck,Max---PS But I do believe the mania factor is dealt with here-