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To: chic_hearne who wrote (2197)	7/6/2000 12:05:27 AM
From: LLCF	Read Replies (1) \| Respond to of 436258

<I think it is that easy.... > I see many patterns as well, and have traded all sorts of these moves and hear where you're coming from... I don't have an opinion on SOX tomorrow a.m. You're probably right, I'm just giving you my opinion. My problem with jib jobbing around without holding a majority short position is that although I look at betting on bounces while fair value is so far below todays close is that even if you're right 60-70% [hell of a trader IMO to get that %] of the time, right now that 30% could wipe out many X more than what you were hoping to gain. JMO To me it's like selling premium in the market... you win most of the time for sure, but your losers [especially now IMO] can wipe out many many winners. We differ, that's O.K. DAK PS, that's what options are for, if you could trade at every price up and down [get a short off or purchase at every given price] you would never need an option... it's 'gaps' that give options value. IMO a 7-10% gap down on the S&P would probably be preceeded by a several % point down day.