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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Pierre J. LeBel who wrote (22877)	7/31/1998 6:04:00 PM
From: James F. Hopkins	Respond to of 94695

Hi Pierre: I've never got into playing index options or futures, that kind of leverage is a bit to rich and fast for me. I keep it simple and have played options on certain issues, but have even cut that way back. Option playing it seems to me is a specialists game, it takes a lot of concentration and focus on the area your playing. Sometimes I'm tempted on that OEX but so far I've not got my feet wet. The one I would likely play if I got started would be the SOXX, the index it's played against is not weighted, and with only 16 stocks to track I think I could feed on that one, by running a weighted index , and catching the divergence. ie the real one goes high but the weighted on is way down, you short, the real one goes low, but the weighted one goes high you go long. This works on the DOW as it's not market cap weighted, but price weighted..but heck the SOXX is not weighted at all.. Jim