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To: Trey McAtee who wrote (57317)	11/12/1998 6:50:00 AM
From: LWolf	Respond to of 58727

Trey - re: getting in too soon about 2 weeks ago, I'd bought YHOO puts, thinking it was overextended, but got out then and took a loss (didn't feel real good about it, but at least had capital to do other things for awhile) .... for 2 more weeks it kept going up ... and I couldn't believe it. Finally on Tuesday when I saw it march up to 185 without the faintest retracement during the day.... I said to myself, "this is a set-up, a fools game, it's going to reverse", so late on Tuesday afternoon when it started to slide, I said to myself, "this is it"... time to try again. .... sold out of the EK as soon as I realized it wasn't going down anymore. If I get a strong sense of clear downward direction, I might try again. I just looked at their chart... yes, looks like they're going down... and I see two gaps to fill... one from 10/30 and possibly the one from 10/27. I like using the 'fill the gap' technique; it seems to be fairly consistent in defining stop/support lines. I also like candlesticks best for telling the intraday story (5, 15, 30, 60 min charts) on a stock. Laura