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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Brad Bolen who wrote (11681)	12/17/1997 5:29:00 AM
From: Jack Clarke	Read Replies (1) \| Respond to of 18056

Brad, Carl, all: FWIW, James Cramer, former permabull who used to scorn any non bullish statements with the comment: "bear garbage", has now decided to sell techs into strength: thestreet.com Like you,I am also long ABX, based on John Hussman's recommendation, but my po' ol' Dec OEX puts will soon evaporate, to my dismay. It can't go on forever, but it sure seems like forever. Interesting that Japan, HK, and Indonesia are all up almost exactly the same percentage (+3.5%). Markets in lockstep. Any comments on the strong yen and the Japanese selling dollars for the first time in five years? biz.yahoo.com Jack

To: Brad Bolen who wrote (11681)	12/17/1997 3:38:00 PM
From: Bilow	Respond to of 18056

Regarding the big guys and NSCP, A one-day chart of NSCP: tscn.com I see big sales at $26.50 early in the day, then $26.625 for most of the rest of the day. In other words, those were the prices that big limit orders were placed at, a sign of big guys selling. The big guys can't place stop loss or market orders cause they get totally &cr#^#d by the market makers if they do. Consequently, they place limit orders, and add new limit orders at the same price if their previous one gets filled, or if it doesn't, they cancel it and place lower limit orders. When I've sold short stocks with this form, it has usually been good, and when I've bought them with the opposite form, it has turned out alright, but what do I know. I only wish I had paid more attention to these patterns when I first figured them out. I don't know what the technical guys call them, maybe distribution??? By the way, I haven't seen the same pattern in CPQ today, so I sold my puts on it. On the other hand, what with the dollar down today, and gold up, but stocks up, I bot puts for December on the DJIA. (Say goodbye to some premium...) -- Carl