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To: aniela who wrote (49214)	9/11/2003 12:48:59 AM
From: Larry S.	Read Replies (1) \| Respond to of 53068

NT - what goes up, must come down: stockcharts.com[h,a]daclyiay[pb200!b50][vc60][iut!Lh14,3!La12,26,9]&pref=G looks like 3.25 is distinct possibility if market selloff continues. looks like mkt got spooked by bin laden tape and 9/11 anniversary, plus sell-off from HUGER run. trading indices in IRA, hmmm. i always thought IRA was about long term investing for retirement. then again, this has been a traders market for the last 3-5 years. futures- whole diff ball of wax. in stocks, can only lose what you put in. in futures, leverage can make big wins or big losses. not for OJT (on the job trading). larry

To: aniela who wrote (49214)	9/11/2003 9:42:26 PM
From: DanZ	Read Replies (1) \| Respond to of 53068

Wiesia, I agree with Larry that futures are very dangerous, even for those who have experience with them. If you really want to delve into futures, I'd highly recommend that you paper trade them for a while before plunking down real money. Technical analysis is much more important than fundamental analysis in futures trading because of the extreme volatility and likely high turnover in your account. You can be right about the long term direction but get wiped out on a short term move before it ever goes your way. If you trade futures, you better have an exit plan before you ever make a trade. They are far less forgiving than stocks. You might also consider a smaller contract such as the e-mini over the full size S&P 500 futures contract. If you get on the wrong side of a move in the S&P 500 futures, you can lose a bundle in a hurry. Rather than trade futures contracts, you might look at index tracking stocks such as QQQ (Nasdaq 100 tracker), DIA (DJIA tracker), and SPY (S&P 500 tracker). Based on your stated goal, they might better suit your needs than futures contracts with less volatility and more manageable risk. Ron: I haven't heard from Kelvin and was surprised that nearly a month has gone by since he posted. Time sure has flown by recently. I hope that he's ok. Kelvin, if you are lurking, please let us know how you're doing. Dan