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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (9386)	11/9/2001 10:15:13 AM
From: James F. Hopkins	Respond to of 19219

We'r on the same page, I'm more hedged than short, meaning I kept my long positions but shorted the index. Most of my longs have covered calls sold on them so the expence of getting out of them limits my selling. I just converted my 5/10 spread on ENE to a long with 10s sold..I'm in her at a net of 5.83 good bad or ugly, I might should have left the spread alone, she moved off her low so fast I didn't gain what I thought I would converting and just increased my risk. ------------- I see that OPEC is saying they will cut even more and now Russia says they might cut..if they force oil back up to soon this thing could lose it's legs ( there is a big lag ) but oil is the number one longer term TAX on production cost of every thing else. I want oil to stay below 20 for a good while.