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To: Tom Trader who wrote (30651)	12/8/1997 3:19:00 PM
From: Nemer	Read Replies (1) \| Respond to of 58727

Tom: The aspect of SPX is still relatively new to my mainframe. It has only been digesting the info for two or three months but the support level at 980 right now appears to be pivotal for the remainder of the day. Below it ----downwards Above it ----upwards This is only for the rest of the day, however AND this is not a fully intergrated analysis of info which fit into my tool belt YET. The figures for the SPX are calculated only from interday action based on most of the data from intraday in the past. So, the figs aren't postable before market, but are arrived at by interday action....... FWIW Regards---Nemer.

To: Tom Trader who wrote (30651)	12/8/1997 3:47:00 PM
From: James H. Irwin	Read Replies (1) \| Respond to of 58727

Tom, A little background... I was an institutional equity salesman for about 15 years on the West Coast. Recently left as I was tired of slugging sh____y stocks where your customers would trade away and not pay you. I have been using SuperCharts for many years to help me generate returns over 50% for the past 6 years...albeit not on a large sum (...always easier with smaller sums using 1000-5000 share lots on margin in concentrated positions.) Now on TradeStation with OptionStation realtime. I am more comfortable trading 1) equities, 2)NDX futures as the prices don't get manipulated by the big boys trading from upstairs (Soros, Paul Tudor Jones, etc.) and the margin @ $5500 is reasonable, 3) don't trade options much as I know too many guys down on the PCoast who Anyway my expertise is more in stocks but I constantly look to enhance my abilities by learning from those more educated/experienced than I. I know too many people who confuse brains with a bull market (myself included at times) and sometime we are going to pay when the bear wakes up...but who knows when? Good group of people and notions on this thread. As to answer your question on timing. I trade more on feel (if recognizing chart patterns which constantly recur is "feel") but am attempting to enhance my $$ making efforts with some systems approach on the futures when stocks are choppy/sideways. I recognize that implied and historical volatility as reflected in option premiums are very noteworthy but as of yet have not been able to productively put them to use. I'm perhaps sounding more humble than is really the case. Anyway I trade for 2 cents a share averaging roughly 10,000 shares per day (I've traded over 1,000,000 shares since 8/13/97). So I guess I am reasonably active.