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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (20737)	4/30/1999 6:49:00 PM
From: Lee Lichterman III	Respond to of 42787

Actually, I was short the DOW via puts today. That is why Dennis posted what he did before yours. I picked up a small position on the close yesterday but had a bad day today since I was at work instead of at home babysitting my position. I put in a sell order that rejected/got lost for some reason in the pit. It was the CBOE's fault not Waterhouse's. When I called back to put in an order to buy the same puts back as the expected bounce came into the close, that is when we both found out the sell did not go through. Ouch!!! It is always something. So now instead of owning my position entirely with the house's money, I am still nervously holding my original one. IMO, the last two days was too easy which is why I am nervous about Monday. When they telegraph their moves like this for a couple days, usually the opposite of what is expected happens on Monday. I just am praying for a lock limit down Monday open but we will probably get another upspike where we will have to guess if it is real or not. With the tape so close to CNBC's 11000 party line and the Goldman Sachs IPO, I think we could have a short rally next week but will have to study the charts. I have to work my second jobin a few minutes but the OEX and SPX bounced right where I had my forks set up so this dip may have been all there is in this cycle. When I get my charts updated at teh MDA site tomorrow, you can se what I mean. Good Luck and nice to have you back. Lee