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Strategies & Market Trends : today's chart

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To: Richard Estes who wrote (695)	10/11/1997 8:54:00 PM
From: The Perfect Hedge	of 1267

Richard-- Macd has not crossed or been near 0 since March(my ta software that I subscribe to only allows for two parameters--[period1 and period2])I believe it is headed toward 90 and I'm buying Feb calls but I'm trying to time it to buy at a low point or a small pullback because I don't think the stock is going to have a substantial pullback(i.e. CKR).I am buying the calls and letting them stay until Feb because I don't think I can time this sucker,it's moving too fast and I learned from ckr not to try and time it if I like the stock for the long haul.My plan on CKR was to get a double(on a top) then exit and re-enter(on a pullback) with that full amount and get another double(on another top).Well,I made over 250% on my money but if I would have just bought and held I would have made 500%,plus I overtraded.I'm not complaining but I don't want to make that mistake again.Thanks for your help.I'm putting the pedal to the metal onthis one and am trying to get in at the bottom.Maybe I did get a bottom at $65(unfortunately,I only invested about 25% of my desired amount.These stocks are making me greedy Richard).GD

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