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Strategies & Market Trends : Options
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To: Bridge Player who wrote (1617)1/24/2000 4:49:00 PM
From: Poet  Read Replies (2) of 8096
 
That's OK, BP, I'm not taking it personally. I know there are various levels of support and resistance and I saw QCOM moving *precisely* to 142 1/2 near-term support this morning. Then when the market nose-dived, the next logical step was a move to the next support level. I'd buy calls if I saw a stock bounce off support, etc.

I know you're a sophisticated options trader. How do you make your desicions about when to buy calls, establish postions etc. if not through the use of technical analysis?
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