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To: AlanH who wrote (45143)	6/6/1998 10:57:00 AM
From: Lee	Respond to of 58727

Morning Alan,..Re:<<Bonds & Eco data>> Thanks very much for your reply. You are right about the number of variables involved here. That's why I sometimes preface things with 'all other things being equal' when speculating on rate movement. From what I could dig up, the reverse 'crash and burn' was due to * short covering (except for me)<gg> * Fed stuck * strong $ Mostly the same as you listed. I muffed it big time yesterday, had a sell in for the July puts at the height of the big tyx runup and all I had to do was 'enter' and instead sat there watching. The rest is history. But if I had any skills at all, would have done the sell and entered a buy for the same strike (N 121 calls). The BMI data showed it got down to 30 and finished at 1^5. However, end of day data showed the low as 40 which would still have been ok. Now sitting on a 22 tick loss. Next big numbers day, maybe next Wed. when Alan speaks before the Joint Economic Committee, I'll get a second chance. It's these stupid mindsets that keep me pinned to positions. Fortunately, most days we have another chance to do it right. <ggg>. Maybe I'll start paying more attention to charts rather than fundamentals too.<g> Two links to Friday's action are listed below. economeister.com askrjo.com Thanks again for your comments, Lee