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OEX vs. DJX



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<DIV>Hi RT's,</DIV>
<DIV>&nbsp;</DIV>
<DIV>I have traded OEX options for many years, but recently I have become 
interested in the Dow options (DJX).&nbsp; Some of my favorite indicators rely 
on volume, also as noted here the daily moves in the Dow have become substantial 
recently.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Anyone have an opinion (on RT's, Ha) of one verses the other?</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; Good luck and good 
trading,</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; Ray Raffurty</DIV></BODY></HTML>
</x-html>From ???@??? Tue Jun 29 18:00:27 1999
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From: "Tom  Alexander" <gta3@xxxxxxxxxxxxx>
To: <I4Lothian@xxxxxxx>, <realtraders@xxxxxxxxxxxx>
Subject: Re: CFTC vs. Kent Calhoun
Date: Tue, 29 Jun 1999 19:05:33 -0400
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This is the type of thing that causes me enormous amounts of grief with my
attorney friends when I tell them lawyer jokes. You have to ask yourself
questions about your profession when you can't even give lawyers a hard
time!


Regards,

Tom Alexander  

----------
From: I4Lothian@xxxxxxx
To: realtraders@xxxxxxxxxxxx
Subject: CFTC vs. Kent Calhoun
Date: Tuesday, June 29, 1999 5:54 PM

CFTC FILES COMPLAINT AGAINST KENT C. CALHOUN OF HUNT, TEXAS, ALLEGING THAT
HE 
COMMITTED FRAUD IN USING THE CFTC's NAME TO SOLICIT CUSTOMERS TO PURCHASE
HIS 
COMMODITY TRADING SYSTEMS AND ATTEND HIS COMMODITY TRADING SEMINARS

CFTC Seeks Injunctive and Other Equitable Relief, Including Disgorgement of

Ill-Gotten Gains, Restitution to Defrauded Customers, and Civil Monetary 
Penalties 

WASHINGTON -- The Commodity Futures Trading Commission (CFTC) announced the

filing of a four-count civil injunctive complaint against Kent C. Calhoun
of 
Hunt, Texas, alleging that Calhoun committed fraud by, among other things, 
implying in his solicitations to customers that the CFTC has in some manner

recommended or approved him as a commodity trading advisor (CTA) or
otherwise 
passed on his abilities or qualifications as a CTA. Calhoun has not been 
registered with the CFTC in any capacity since July 1983, when he was 
registered as a CTA.

Specifically, the complaint, filed in the U.S. District Court for the
Western 
District of Texas, San Antonio Division, on June 29, 1999, alleges that
from 
at least June 1995 to the present, Calhoun, individually, as an agent of,
or 
doing business as KCI seminars, solicited customers to purchase his
commodity 
trading systems and attend his KCI commodity trading seminars through 
national advertisements that included false and misleading statements 
representing or implying that the CFTC has documented, verified, or
otherwise 
passed upon the success of his KCI trading systems and/or the accuracy of
his 
advertisements for such trading systems. 

The CFTC civil complaint further alleges that by making those false and 
misleading statements and other misrepresentations, and by failing to 
disclose material facts, Calhoun violated the CEA's anti-fraud provisions 
(sections 4b(a)(i) and 4o) and CFTC regulations 4.16 and 4.41. Commission 
regulation 4.16 specifically prohibits CTAs from representing or implying 
that the CFTC has recommended or approved them or otherwise passed upon
their 
abilities or qualifications as CTAs. 

Furthermore, the complaint alleges that Calhoun placed advertisements that 
would lead a reasonable person to believe, among other things, that: 

-- Calhoun had "legally documented" or substantiated to the CFTC or a
federal 
district court that he is the most accurate time and price projection 
technical analyst who has ever lived, when, in fact, he had not done so;

-- Calhoun’s advertisements included facts about, among other things, the 
success and profitability of his commodity trading systems, the accuracy of

which was either documented or verified by the CFTC, when they were not;

-- The CFTC had verified the profitability of individuals who allegedly
used 
Calhoun’s systems to trade commodity futures, when it did not;

-- The CFTC had documented, verified, validated, or substantiated the 
truthfulness of Calhoun’s advertisements, the expenditures Calhoun
allegedly 
incurred in testing and/or developing his commodity trading systems, or the

authenticity of Calhoun’s guarantee or refund policy, when it had not; and

-- The CFTC otherwise passed upon Calhoun’s trading advice, trading
systems, 
or advertisements and/or recommended or approved Calhoun or otherwise
passed 
upon his abilities and qualifications as a CTA, when it had not.

The CFTC is seeking preliminary and permanent injunctions to prevent
Calhoun 
from further violating the CEA and CFTC regulations, an accounting, 
disgorgement of ill-gotten gains, restitution to defrauded customers, and 
civil monetary penalties of not more than $100,000 per violation or triple 
the monetary gain to Calhoun for each violation of the CEA committed prior
to 
November 27, 1996, or $110,000 or triple the monetary gain for each
violation 
committed after that date.