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To: ViperChick Secret Agent 006.9 who wrote (36989)	3/19/1998 7:54:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE ----------------------------- NAZ - is now at a DOUBLE TOP chart formation. If it continues up, good hint that we will still continue up. If we stall here then it is a signal that we are topping out here at least for the short-term NDX - is still below the 1180 figure but only slightly, if NDX breaks 1180 substantially, further sign that we are moving up. DRG - is now also at a DOUBLE TOP chart formation. Same as the NAZ. XOI - with the pop in the price of CRUDE yesterday, and right now it is slightly up, this should boost the oil stocks and since there are 3 XOI components in the DOW (10%) that may also boost the DOW. TYX - interest rates are still creaping up, and closed at 5.9%. The short-term uptrend for the rates are still intact with targets of 6.00% arriving next week and target of 6.15% by 2nd week of APRIL. Of course rates will be strongly effected by economic news, and can easily overide the technicals on the rates. I am still holding with my top of 8888 for MAR/APRIL. Previously, had indicated that WED/THUR would be a weak period and the good possibility of a pullback. So far it has not happened, and keep in mind that we are relatively flat compared to last week, only slight above the highs of last week. The NAZ is at the same level with the SPX/DOW higher. Please keep in mind I do not consider the overall market as just the DOW - its the DOW, SPX, NAZ. If this week remains relatively flat or up, then next week should be weak. If we pullback the rest of this week, then next week should be flat. Seeya

To: ViperChick Secret Agent 006.9 who wrote (36989)	3/19/1998 8:13:00 AM
From: Nemer	Read Replies (2) \| Respond to of 58727

MojoBabe: ------->is that some kind of trading program kicking in... sorry I wasn't more explicit not necessarily programs, but there probably are some in there. What I really meant, and did a poor job of conveying the thought, was that the "correct" ones to trade were the ones with the highest volume. During the market day, one or two puts and one or two calls will be the intraday vol leaders, mostly very close to and/or in the money. The spread will be as narrow, or more narrow than most of the others and a fill will occur more quickly , due to the intraday volume. The volume will lots of times exceed the O I, meaning there are lots of traders, which makes for liquidity, narrow spreads, and quick fills. As to the relationship between the puts and calls, I didn't mean to imply that there was any relationship, other than casual. I feel sure there are differing methods of drawing a conclusion from the amount, etc, but I don't use any program to find a forecast method there. I've tried to use it in the past , and have found no commonality that will benefit me to making a decision as to market direction, movement, or anything else that will enable me to obtain a profit. Marilyn and I will be leaving around noon to take the grandchildren back to Dallas. John has baseball practice and Jan has a music lesson and basketball practice this afternoon. Dadgummit, it's gonna be quiet and lonely here...... [:--((((( While in Big D, I guess I will have to get another 56k modem. The thunderstorm last night melted mine and I'm logged of with an old 14k.......boy is that slow....gggg Regards---Nemer