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Strategies & Market Trends : Trading SPY and DIA for Fun & Profit -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (3)	1/19/1998 8:49:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 130

Hi DD; Well if things work like they suppose to the DIA will match the DOW30, ( very close ) as SPY does the S&P, I know at times SPY gets just a little below, but mostly stays with just very small premium, you have to be nimble and lucky both to catch her off even an 1/8pt. AS for beta, beteen the DOW and S&P, I have not cheched it real close but just checking the 52 week high/low and the price now, it seems the S&P has more up side, and falls slower in down drafts than the DOW, So the DOW wuld have a higher BETA falling, but a lower on market up turns. SPY pays a dividend, it will be interesting to see what the DIA will pay. BTW I looked again at EGHT, and while it looks OK I'm not all that hot on it..it got some good press and may climb, but with all the volume I noticed it didn't hang it's high for the day, and that indicates someone was selling into the rally on the news. How much more mileage she will get out of it I don't know, but the vidio phone will take a bit to catch on. I don't personaly know of any one runing out buying the stuff yet. Jim

To: DD™ who wrote (3)	9/5/1998 11:29:00 AM
From: Darth Trader	Read Replies (1) \| Respond to of 130

DD and Friends: I would like to encourage chat of this topic. Shorting SPY on the current downtrend and going long with DIA when the market finally turns up is more suited to my temperament than playing with index options. Currently using simple 5dMA as a mental stop loss and common sense for closing, ie. covering SPY short last Friday, because I feel the market will pop next week with the much heralded Labor day rally. Greed got the better part of me last Monday, I could have have covered for a large gain but held out for more. These sites will provide quality charts, if anyone has additional sites that allow for quality printing please advise. pcquote.com iqc.com investools.com -------> May the Trend be with You <---------------