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To: Barbara Barry who wrote (42425)	5/6/1998 7:31:00 PM
From: Byram	Respond to of 58727

Barbara, Day trade or so.....I have played them twice since last week.....1 - 30minute and a 1 day and a half.....both time they did great....I figure in the AM we have 2 senarios....A) DOWWWWWWWWWWWNNNNN HARD or more likely Down & Reverse...Either way would be great for me..... We just need A MOVE....In the aftermath of all the larger drops I straddle and usually the moves are significant enough to pay for (at least) the reverse option & usually alot more....And usually the reverse decline or rally comes within a day or so and makes the other side pay...... BTW - I agree it's getting close to the expiration - But my expiration beats theirs - Thurs next week I'll be on the beach in Jamaica for a week...So I HAVE to get MINE now - THe big drop will probably be while I am gone...LOL....Maybe ya'll will save me a little volitility. Byram

To: Barbara Barry who wrote (42425)	5/6/1998 10:56:00 PM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE ----------------------------- The short-term technicals for most of the indexes and the overall market is in the mid-range with the bias to the downside. When they are in this range they are the most susceptible to news to determine direction. It would take one more down day for the technicals to just touch the oversold range and 2-3 straight down days for a CLASS BUY situation. The XAL just set a lower lower slightly today. For the DOW theorists that is not a good sign. At this time I still do not see a huge decline, however the DOW has already entered the high end of range I previously indicated at 9000-9050. If 9000 does not hold, we would be exceeding the fibinocci retracement and could be heading lower. I am still holding to my RANGE TRADING TREND at 9300-8750 for the mid-term, and we are now close to the middle of it. Previously I had indicated that the DOW, SPX, OEX were forming HEAD & SHOULDER FORMATION on the 15 min. charts. Well the right shoulder just turned to the downside. If the fall off from the right shoulder continues which it should the next support are: DOW @ 8965 SPX @ 1094 OEX @ 529 I feel these supports will hold tommorrow, going into Friday's employment report. We could see these levels on an intraday basis, tomorrow. Good nite all.