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To: j g cordes who wrote (32351)	1/6/1998 8:47:00 PM
From: donald sew	Respond to of 58727

Jim, You made an excellant point of being able to exit especially in a trader's market. This will be a tougher year to make money since many do not feel that the market will rise that much. So far I am hearing 8500-9000 on the DOW by the end of 1998, which is not much compared to recent years. I do believe that there will still be volitility within a trading range, so there may still be good opportunities for traders. Also, I feel that we can now play both sides which may actually double the opportunities, but at the same time reduce the profits since the trends in both directions may be reduced. You are so right exit skills will be the most important. Well good luck to all for this coming year. Be Nimble - really Nimble. Donald

To: j g cordes who wrote (32351)	1/6/1998 9:05:00 PM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE ---------------------- Just a quick one. Have noticed technical signs per the Guitar that the pullback which started today may not last long and could bottom out as soon as tomorrow. Those playing JAN PUTS - be nimble. The reversal upwards may also not be that strong either. Seeya

To: j g cordes who wrote (32351)	1/7/1998 9:04:00 AM
From: Kevin	Read Replies (1) \| Respond to of 58727

Good morning Jim. I'm trying to get into the habit of scanning through ALL of the tools that I used last year, instead of focusing mostly on one at a time. Here's two possible opps that I see in case anyone is interested: MF opp--- DIS...target in the lower 90s. The Block trades are mainly selling as the stock continues to rise. I think we'll see a $5 retracement, especially if the market continues its selloff from yesterday. Unusual Option Activity--- BEL Jan 65 calls....in the last hour of trading, it looks like over 6200 calls were bought b/t $25 & 25 1/2. I believe they were all buys, because each trade was executed 1/8 below the ask, and the spread was typically 3/4 (so the trades were much closer to the ask than the bid). If anyone is interested in either of these stocks, I'd be happy to discuss further. If anyone is interested in seeing such info on a daily basis, please remind me to do so. My memory sucks, and I sometimes need to be reminded <<<g>>> Index info: spx--- 997.56 983.17 974.87 piv:968.78 960.48 954.39 940.00 break:967.77 sph8--- 994 984 977.5 piv:974 967.5 964 954 break:976.75 My 3-7 day trend indicator should trigger a bear signal not long after the open. Hope so...it would make my puts happy :-) Talk to you later. Kevin