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Strategies & Market Trends : Tech Stock Options

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To: Nemer who wrote (29157)	11/21/1997 3:33:00 PM
From: Kevin	of 58727

Nemer. When I'm looking to exit my position, I gave the level which I will sell at a 1/2 point buffer. Not sure if you'd say that I'm starying from the mechanical system by doing this...but it seems to work well this way. While developing the system, I noticed several times that the index would bounce just below my sell points and that I was chased out for nothing. Perfect example today. My pivot was 955.13 Subtract 1/2 point and you get 954.63 It broke that level so I brought up my montior to see where to see my calls at. However the index quickly rebound back above that level and have stayed there since. My system must sound REALLY confiusing, but I actually do the same thing over and over with it. Might be hard for me to explain, but it's easy for me to follow and that's what matters, right? Hasta!

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