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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (49262)	8/4/1998 9:56:00 PM
From: donald sew	Respond to of 58727

Lisa, Yeh it did, in fact quite a few. After 3 there was a rally in the tick of about 800 points but only netted 20 DOW points to the upside. Its a bit more complicated than that, but it and other factors strongly suggested that the market would drop alot further. seeya

To: ViperChick Secret Agent 006.9 who wrote (49262)	8/4/1998 10:44:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Stocks that bucked the trend well.. sifting a long trading list. Some of these are pounding the pavement, 95% were indifferent to today's selloff... a few I included as chicken trades. Group Software/Services: ATHM PSFT CA EDS Group Networking: ASND COMS NN Group Periferals: RDRT IOM ADPT WDC MXTR Group Semi's: ALTR XLNX MXIM VTSS Group Semi E: LRCX ATMI PRIA ASMLF ETEC KLAC SFAM UTEK CYMI Group Data P Svs: ENVY CKFR PAYX SAVLY Group Oil Refine/Marketing: UDS SUN Group Intl Oils: T BP RD Group Biotechs: GENZ CHIR IDPH HGSI Group Drugs Generic: WPI ALGO AGPH Group Computer Retail: CDWC BBY TECD GTSI Goodluck, Jim

To: ViperChick Secret Agent 006.9 who wrote (49262)	8/5/1998 6:51:00 AM
From: Patrick Slevin	Read Replies (3) \| Respond to of 58727

Man, what happened to you on Stock Wars yesterday? I was trying to find your post on OEX/SPX options and came across "In my opinion, you are a complete idiot". Anyway, by co-incidence I came across an e-mail on another list that had this on it. The author is a CBOE MM so he is speaking authoritatively, I suppose. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ OEX options are American style..they trade more volume than SPX...are mostly a product used by individual investors..they have lower open interest than SPX. They are also PM settlement vs AM for SPX. SPX options are european.....the trade less volume, but the typical trade size is about 20x the OEX. The b/a reflects their institutional following and often a better market exists than what is on the screen. The screen represents what is usually a 500 to 1,000 market vs 10 for the OEX. The are easier to trade in fast markets because of direct correlation to the futures contract. Accordingly their volatility is less volatile than that of the OEX. They are AM settlement. One other piece of information. Expect a traded unit trust on the OEX around the first of the year. The SPX already has one, the spyder(symbol spy). The OEX also is about 1/2 the size and has more "technology and oil " than the SPX.

To: ViperChick Secret Agent 006.9 who wrote (49262)	8/5/1998 10:03:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE INTRADAY ---------------------------- Per my INTRADAY TICK ANALYSIS, which Lisa calls MOMO, the momentum is to the upside so far, but it is still early. Please keep in mind that these signals are only good for 30-60 minuntes and I am not always available to post when they change. So far the UP-MOMENTUM reading is 1.4 and the DOWN-MOMENTUM reading is at .53 so the bias for the next 30-60 minutes is to the upside. EDIT: forgot to mention that I expect the momentum intraday could change several times. Seeya