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

To: Stephen who wrote (52728)	9/15/1998 7:59:00 PM
From: AlanH	Respond to of 58727

Stephen, re:Position Squaring Yes! IMO, position squaring started in earnest last Friday. (Of course, this simplistically implies a long futures, short stock scenario.) Question: If you were risk averse -- geared toward profiting from subtle price discrepancies vs. human psychology -- would you square before or after the Fed Chairman speaks? Would you have concerns that AG might clarify statements which could have been miscast by the media? It is likely that some upside exists tomorrow AM, possibly approaching resistance (8095). However, volume on downturns has increased, although only slightly. It is volume relative to direction which has concerned me since before Labor Day. (You may recall a 9/4 post -- just prior to AG's speech -- where I projected a BIG labor Day rally, citing low sell-side volume.) Iff volume improves on intra-day downturns, then I'd expect the trend to resume; the alternative is buyers attempting to time purchases and/or jump on momentum. I could be all wet, but I will not add PUTS unless the volume situation improves. BTW, today's 5min $TICKI is as follows: 9 events which were above +20 3 events which were below -20 (Measure of net uptick/downtick for 30 DOW INDU components.) GT, Alan

To: Stephen who wrote (52728)	9/15/1998 8:33:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (5) \| Respond to of 58727

<<<<but did overhear the trader in the pits>>>>>>> Stephen...is it possible that you could clarify what you mean here... is this someone you know...someone on the net..were you in the pit and overheard it...or what??? Beebs...we closed almost two down from the cash and we are down about 4 now..with Japan flat rumor going on with the talking heads tonight that Clintons video before the grand jury may come out tomorrow.. Don...be sure not to give us any of that market guru CYA crap that Trey doesnt like ;-))) LOLOL OFF TOPIC several of you have been introduced to Enigma because of the music I periodically put up on my profile and have gone out and bought the music At least one of you has gone out and bought more CD's than I have.... anyway...I now have some Videos that I will be putting up..so check my profile tomorrow for the link....hmmmmm...no wonder Principles of Lust was banned on MTV.....guys...just listen to a little Enigma..get your woman to do a little 7 veil dance (or even just one veil)..and you will never need Viagra...