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Strategies & Market Trends : Tech Stock Options

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To: bob wallace who wrote (28502)11/17/1997 12:33:00 AM
From: Autumn Henry  Read Replies (1) of 58727
 
Bob, yes, XLNX is good looking. I remember reading in a book the plus of a pattern like that is that is that when there is a gap and it doesn't fill that day and actually closes near the top of the bar......well, the psychology is that those short think.....oh, s**t, better think strongly about covering my short cause it looks like it is going straight up.......versus just the first day bar which was Fridays. I found that very interesting. That kind of bar makes a short mucho anxious. and being that it was on the bottom and we are maybe on a bottom retest........:)

I like LRCX for at least 36.... on Friday intraday bounce first at 32 3/4, next 33 l/2, would follow maybe to go to 34 (if we don't have gap up at open) and buy orders at 34 would make sense.

Got to be courageous. Thanks again for that money management post. I was embarrassed very much at first I will admit on several levels. But I have since felt better and am glad for the information no matter how I felt....I realized the intentions were good. I have thought about the concept now that I understand it for real (had thought I understood it on my own via books but didn't) I have been running it over in my head and it is a consciousness changer.

Autumn
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