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Technology Stocks : INTEL TRADER

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To: John Harton who wrote (6353)	7/22/1999 3:36:00 PM
From: MonsieurGonzo	Read Replies (1) of 11051

JH:" candlesticks by-the-book " I missed a textbook candlestick cum T/A play, John... HWP - Hewlett-Packard first, a beautiful doji evening star; OK, you got my attention; confirmed Tuesday. Then ya sum together TUE+WED candlesticks and ya get a hanging man... ...chart says I'm supposed to "short on CLOSE" WED session at this point. Looking at the VIX.X, it be low, so buyin' PUTs makes more sense than sellin' CALLs. Well, I prolly coulda got HWPTB - HWP AUG 110 PUTs for around 4-5/8 around the CLOSE, dunno. And sold 'em for 6-5/8x7 today, say +50% net. oh, that was a pretty pattern, BigJohn (^_^) -Steve

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