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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (19765)	9/1/1998 1:44:00 PM
From: the options strategist	Read Replies (1) \| Respond to of 50167

Ike, I have printed out your last few strategies to study. My simple mind calls for me to be simple in trading, i.e. straight calls, puts, cc. Just learning various spread strategies and you appear to be a master in your varying positions, etc. I do think that this choppy market calls for strategies other than, or in addition to, straight calls and puts when one is not nimble or fast enough to day trade. I admire your style and thank you again for your GREAT input. Jen

To: IQBAL LATIF who wrote (19765)	9/1/1998 3:11:00 PM
From: Jerry Olson	Respond to of 50167

IKE here's what i was talking about this am...P&F stuff...Al Serrao (2646 ) From: P&F-Madness Tuesday, Apr 28 1998 7:34PM ET Reply # of 6609 To All: OPTIONAL BULLISH PERCENT REVERSES DOWN!!!!!! As I have said before this is the indicator that reverses down just prior to the NYSE bullish percent. Below is the chart. You can see that a reversal at this level usually takes us down to the 40% level or so before a reversal back up. You should be able to see by the chart that the OPTI has always "predicted" a market decline of some degree. To what degree we don't know. We have lost the football as Tom says and defense is on the field. Be aware of your field position. Be prudent, be careful, no fancy stuff, know your portfolio and have your plan set. NYSE lost major ground and is very close to reversing as well. Optional bullish percent chart: 76 August-September 97 high \| 74 \| 8 X \| X<--As of two weeks ago. 72 \| 7 O X O \| X O 70 --------------\| ----X O X O --\| X O---------- 68 4 \| 6 9 O \| 3 O 66 X X O \| X O \| X O <--Todays reversal 64 X O X O C \| X O \| X 62 2 O X O A X O X X O \| X 60 X 3 --6 X O X O X O X ----O --\| X ---------- 58 X O X O X O X O X O \| X 56 X O X O 1 2 X O \| X 54 X O 9 \| 3 5 O X \| 2 52 O X \| O X O C O X 50 ------7 X ----\| --O X ----O B O X ---------- 48 O X \| O X O X O X 46 O 8 \| O X O X O X 44 O X \| 4 X A O X 42 O X \| O X 1 <--January Low 40 ------O X ----\| --O ------- 38 O X \| \| 36 O X \| \| 34 O \| \| 32 \| \| 30 --------------\| --------------\| ------------ 28 \| \| This is what was being talked about in April of this year NYSEBP!!!