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To: dennis michael patterson who wrote (15989)	9/28/1998 11:41:00 AM
From: jerry sullivan	Read Replies (1) \| Respond to of 42787

Perhaps Favors is wrong? eom

To: dennis michael patterson who wrote (15989)	9/28/1998 11:52:00 AM
From: Judy	Read Replies (2) \| Respond to of 42787

Exited last half of my DELL Oct 60c this morning. Will hold the remainder of my bellweather trades a tad more for window dressing, regardless of Favors. Go GE, CSCO, INTC, PFE ... yada, yada, yada. Dennis, I will be there with you and Electric again to pick up DELL ... either long calls or short puts depending on my outlook of the market at the time. Favors has no technical evidence yet of a breakdown of DOW 7400 and I don't give a fig how confident he sounds during interviews.

To: dennis michael patterson who wrote (15989)	9/28/1998 11:58:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

I just stuck in today's numbers so far and the NASDAQ is trying to push over my 200 DMA line bouncing off the first try. The OEX is testing the down trendline from the previous 2 highs and also failed when the last sell program kicked in. I just noticed allot of other stocks are testing their resistance levels also. DELL and IBM broke through theirs but then again, DELL is DELL and IBM is in the buy programs so it doesn't seem to follow "neat" TA but instead wanders around eventually getting itself back into various channels over time despite temporary breakouts and dips outside of them. Today should be interesting to see how the indexes close in comparison with their resistance lines and MA lines. Good Luck Lee

To: dennis michael patterson who wrote (15989)	9/28/1998 12:42:00 PM
From: Electric	Read Replies (2) \| Respond to of 42787

dennis, Looking at Oct 65 put??? I cannot say that I will do it, but they are priced decently, and looking at P/C ratios, it is very high. 4 to 1 on average. I think tomorrow is going to be down, and unless we get 50, it will be down for a while. Talk about earnings weakness will come out after Tues, and for the most part earnings wont be great. edit) On putting the internets. It is wayyyyy to pricy! I was looking at YHOO puts again, and they cost too much for the position. Oct 110's are going for 4 dollars, and that is 17 points out of the money! OCT100 2 -1 3 248 YHQVT OCT105 2 5/8 -1 3/8 4 290 YHQVA OCT110 3 3/4 -1 7/8 5 5/8 254 YHQVB OCT115 5 1/4 -2 1/8 7 3/8 1,340 YHQVC OCT120 6 7/8 -2 7/8 9 3/4 458 YHQVD OCT125 9 1/2 -5 14 1/2 157 YHQVE