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To: Patrick Slevin who wrote (10263)	12/9/1997 4:03:00 PM
From: Nemer	Read Replies (1) \| Respond to of 17305

Pat: Only trade for me today was a close out to take some profit off the table before it got away on WLA. Still have a sizable holding on the core position, but this was bought when the big drop hit last week. Nothing good or bad and I'm really not excited about trading the OEX due to the spread and the movement. If I trade at or in the money 5 contracts the last several times it has takennearly a 4 point move to break me even. While I'm confident in my mech generated signals, it's hard to overcome three point giveway and make a decent return. That's why I'm exploring at legnth the usage of SPY . Regards----Nemer