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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Street Walker who wrote (57)	12/3/1998 1:13:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Street: Now all you need to do is start another one on OPTIONS for people do drop by and give their option picks...anything goes type thing. Well, read the rules...it will be fairly open here...but Focus on Market Direction Analysis... Regards, LG

To: Street Walker who wrote (57)	12/3/1998 1:50:00 AM
From: Richard J. Byrd	Respond to of 99985

Street Walker: I daytrade options. Mostly the OEX. I'd appreciate hearing your trades and why. On Tuesday I picked up Dec 580's at 8 1/4 and sold them two hours later for 10 1/4.- Nice profit. Tried the same trade on Wednesday, but the mkt turned toward its low just after I bought and I got out for a 1/2 point loss. Actually, if I'd gutted it out until the end of the day, I'd have had a nice profit. BUT - My moto is control your losses. When the market turns against you, Get Out. I'v noticed lately that the day market has a trend of hitting a low between noon and 2:30 and then heads back up into the close. If I could COUNT on that, I'd be rich! Let's hear more of your trades guys and gals. -- YES, even the losing ones. Happy trading. Dick