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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (17957)	10/9/1998 12:22:00 PM
From: bobferg	Read Replies (2) \| Respond to of 68689

Hello Tom, I hope you are well. I think that probably the last .5% up in bonds was probably mostly short covering by LTCM and everyone else that aped their trade. I read somewhere that Dell was a huge LTCM holding, Dell's huge spike low yesterday sure looked like forced panic selling. The big unknown is how much leverage is still out there needing to be unwound of course, I don't have a clue what is still out there, I doubt if anyone really does. I really don't know if the mkt bottom is in yet, I am cautious and mostly daytrading. BTW, I haven't forgotten that I promised you my old EPC data, I still haven't converted it from MS Works format to Excel....you'll eventually get it :) Speaking of EPC.....yesterday it was 1.07ish, the only time I have seen it >1.00 was 8/21 of this year....the spx cash closed up for two consecutive days, some 11.00 points, then collapsed 135.00 points over the next 4 trading days. I am very cautios here. I have only been monitoring put/call stuff since 1993 so there could be occurances prior to that. I would appreciate any thoughts you may have on Mr Market. Later