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To: Berney who wrote (4286)	10/9/1998 11:31:00 PM
From: Berney	Respond to of 11051

Okay, why cash now. First, I made this decision to go to cash long ago! I'm just not willing to take the Big Time downdraft. I watched some changes in market value that I really did not think I would witness. More and more stocks are moving to their monthly trend lines, yet we still have some that I classify as parabolic. Next, I don't understand many E-Wave concepts. Yet, I can understand that 1) we are not in a bull market, and 2) this market is liquidity driven. August was the first month that we had a negative outflow from mutual funds since 1990. This is nothing to sneeze at. The liquidity issue is not getting any better. Check this site out: amgdata.com This number still seems to have a lot of zeroes. Until this number gets positive, neither am I! I wasn't here before, but this seems different. Berney

To: Berney who wrote (4286)	10/10/1998 1:34:00 AM
From: smolejv@gmx.net	Respond to of 11051

>>. You would be amazed at some of the premiums for options expiring in a week<< one ugly thing that may happen - happened to me anyways here - is that the title is completely illiquid and you end up like a rabbit on the MM's screen where the cobra dealer plays around with you a little and then makes a kill - he got time 'cause he has no transactions anyways -. So, just check the volumes too.

To: Berney who wrote (4286)	10/10/1998 1:37:00 AM
From: smolejv@gmx.net	Read Replies (2) \| Respond to of 11051

Berney, DONT just trust stochastics, its no good in trendy times, cause it gives you a lot of false signals (its computer-generated churning and you're the chipmunk in the mill). Trust MACD and RSI more when the trend in the underlying is evident. Well, dont trust anything including me (g). Re covered calls and casinos: covered (COVERED) call is much safer that just the underlying, so just buying GE for instance is much more CASINO than GE stock plus a covered call on it. Fact is, the trade is both - the underlying AND the sold call on it. So covered call is actually a misnomer - like you may have guys, who go and sell the underlying down the road, which turns then the previously solid combination into a Casino case. dj

To: Berney who wrote (4286)	10/10/1998 12:56:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Berney; beautiful post; will get back; crisp fall day beckons me <>

To: Berney who wrote (4286)	10/11/1998 1:45:00 PM
From: MonsieurGonzo	Read Replies (3) \| Respond to of 11051

TB; RE:" Squirrel Nut Zippers " strange name, that - was on the sack MadameGonzo brought back from the music store yesterday. We plugged her CD's in the player and hit shuffle. The motif for this Sunday's Brunch was: something old - Ray Charles and Betty Carter, Dedicated something new - Beth Orton, Trailer Park something borrowed - Madonna, Ray of Light something blue - John Lee Hooker, Chill Out >Do more than bookmark that site... ...walk me through whatcher lookin' at there, Dude - I found some downloadable software, but did not do any more than scratch the surface of that site. I've been using this other site for CC analyses... webbindustries.com ...click on "Doug's Stock Emporium", then on the next page click on "Register for access" (it's free, but nag-ware) After you get in, you'll have this page... webbindustries.com ...and at the top-of-page is a row of thumbnails; click on "Options" and you will be presented with a little data-entry box. Enter something like AAPL and a price of 29 and proceed to eat your heart out; like, "I wish I had bought 1000s AAPL @ 29 on Thursday and sold 10 CC's on Friday at 15.50 EST" (^_^) This is the site I used to pick/compute my CC exits the other day. The Bull-Spreads are also kinda interesting, but unfortunately, there are no Long Straddles or Bullish/Bearish Ratio BackSpreads which are my favourite synthetics right now. Stochastics As a default, I'm using %K=14, %D=3, method=Time Series on my METASTOCK+REUTERS charting software, TB. I know this may sound like heresy for a mathematician, but I tend to "fit" trend-lines and fibonacci / horizontal support-lines by hand, where they seem to "work" the best (rather than compute things). So, I do the same thing with stochastics (moving averages, etc). Using the T.Edison method of discovery by exhaustion, I'll draw vertical lines at turning points - and jiggle the stochastics numbers around, over and over, until they do what I want them to do - which is indicate the turning points. I thought perhaps you might have done some work there with 15-min intra-day ...? -Steve