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

To: Matthew L. Jones who wrote (27717)	9/28/1999 5:33:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Matt on the Larry McMillen site..he has those option's that are heavily traded each day on a fax type thing... doesn't always tell you whats up or down... actually it's taken me a long time to learn to buy knockdowns...it's the only way to go, because you're buying LOW..i always chase...not anymore... now a better play Matt, is to sell naked puts on a stock you like and know..that has gotten battered...take in the premium, and if it close's below the strike, you get assigned a stock you liked anyway...then you can sell it hold it, or cover it... but to answer your question..yes of course, i trade slams all the time with calls...but in a trending market moving up...it's safer and has better potential...

To: Matthew L. Jones who wrote (27717)	9/28/1999 5:55:00 PM
From: HairBall	Respond to of 99985

Matthew L. Jones: I will not speak for those you are calling the bears on this thread, but I do not consider myself a bull or a bear. I just follow my own analysis...so far so good. By the way, when the Market is tanking normally the bears come out and the bulls diminish. When the Market is rallying the bulls come out (notice the cluster of post of exuberance today after the close) and the bears diminish. I think this is pretty normal human behavior, don't you think? Then there are those of us, that try to call the Market both ways. We post amongst both the bulls and the bears! As I have said over and over, both are equally welcome on this thread. A little more analysis would be preferred from the bull crowd prior to rallies instead of the rant afterwards! However, I shall bite my tongue this evening, as I do want all to feel welcome...<g> I have been playing catch-up on paperwork this week and shall continue to be doing so through much of next week along with some additional personal business. I have managed to make a few plays during this nice volatility, but not as many as I would have liked. Keeping an eye on MDA, but only part time! Good trading all... Regards, LG