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Strategies & Market Trends : Best Option Strategies and Option Insight -- Ignore unavailable to you. Want to Upgrade?

To: Mr.Manners who wrote (84)	3/27/1998 1:29:00 PM
From: wiley murray	Read Replies (1) \| Respond to of 245

Hi Kasha, I have always thought that you had to have a humorous Zen outlook when you traded the market especially options. Today is a real roller coaster in the market. I notice that the NAZ still seems stronger than the DOW with the NAZ big 4 holding their own. I would not be surprised to see those 4 up before the day is out.A big trader on CNBC (I did not catch his name) was bearish on banks. He indicated they were overextended and their high PE's were not warranted. Did you read the book Zen In The Market by Ed Toppel?He has four basic trading rules 1)Buy low sell high 2)Let profits run, cut losses quickly 3)Add to a winner not a loser 4)Go with the trend The above is basic stuff but he points out in his book that if you want to make money in the market follow these 4 basic trading rules.If you do not you lose. Interesting book.