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To: Ben Antanaitis who wrote (2541)	2/20/1998 10:13:00 AM
From: DAN KACKLEY	Read Replies (2) \| Respond to of 8218

Ben:I like your chart! To me it confirms heading lower! I use to plot a chart like yours using open interest figures which I can't get from the news papers or E-Trade any more The cross over point on your chart (100)is where the most people will loose money on options (80% of option holders loose their money) We have been swinging between 95 an 105 which is around your 100 cross over point To me this indicates we are headed back toward the 100 base point! Down Down Down that's what us bears are looking for! Good Luck Dan (The BEAR)