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To: Stoctrash who wrote (46141)	6/17/1998 12:48:00 PM
From: donald sew	Read Replies (3) \| Respond to of 58727

INDEX UPDATE ----------------------- Was out all morning and missed the excitment. Just sold my OEX 530 JUN CALLS for a strong profit. My charts are not update untill afterhours, but did some fast calculations and the overall market has already touched the short-term OVERBOUGHT line and some indexes are already CLASS SELLs to obtain at the high tomorrow. The upside for the immediate short-term is limited and without all my data updated tomorrow should be the top with Friday to be flat or down, and next week to be down with possible lower lows. I also am playing an intraday PUT play on the OEX which I initiated when the dow was up 213 and expect DOW to retrace to positive 150 intraday when I will just close out. If the top of this immediate upswing is lower than the previous peak then feel that we will be setting lower lows next week or the following down cycle. By the way the NEW HIGHS/NEW LOWS is still weak today. Hey PATRICK & NEMER - Im jealous - IM SHORT AND STUBBY, CANT PLAY GOLF AND HAVE A UGLY SMILE gggggggggggggggggggggggggg BUT HAPPY IM NOT A GRANDFATHER LIKE NEMER. Happy trading all.

To: Stoctrash who wrote (46141)	6/17/1998 1:11:00 PM
From: joe smith	Respond to of 58727

hey fred, its been a few days. if i was smart i would have let my calls run overnight. i left another 10k on the table. im trying to close things out interday when i have calls. i will have no problem holding the index puts overnight though. brcm hanging tough still. xlnx and rest of semis pooped out after the open. i was thinking of shorting a batch, but i tend to move in too early on indiv stocks so i pretty much decieded last night that i would wait for trs to take shorts on stocks. js