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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Robert Graham who wrote (174)9/11/1997 1:45:00 PM
From: Melissa McAuliffe   of 206
 
I have been watching PSFT today (thought I would do something different for a change). It seems (to me at least) that 56 is appearing to be the new support level at least so far today and yesterday too. This was the prior resistance level. But the day is not over yet..Agree

With respect to ORCL, 37.5 seems to be the support level even when the NASDAQ was down 18 points a short while ago. Don't know if this is good news or bad but at least confirms what I thought this am.

By the way, it is very interesting to watch the value of options change as the move in the money vs. out of the money. It is a much more valuable lesson to watch your own money here than to simply discuss how things are supposed to work.

Prior to getting into all this new stuff I was always very aware of what was going on in the overall market. Have to force myself to start paying more attention to this.
Melissa
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