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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (25379)	10/8/1997 12:02:00 PM
From: DANIEL CHEN	of 58727

Hi Tom, I am impressed by your trading records and your ability to stick with the system. Two questions for you: Do you use any directional indicator (such as ADX) to determine market direction (trending vs trading market) and trade accordingly? Do you use any short term overbought/oversold indicator (such as stochastics) to time the entry/exit points? Thanks in advance. PS, I use a system that I developed myself to trade, mainly for OEX options. My system generated a sell singal on 8/8/97, a buy signal on 9/2/97, and a sell singal today. As a matter of fact, I shorted the market this morning. Today's signal will be canceled if the market breadth improves from where it is now. Take care, DC

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