Tech Stock Options Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom Trader who wrote (27206)	10/28/1997 11:40:00 AM
From: Kevin	Read Replies (1) of 58727

>>>I am looking to take a half position in OEX puts when the DOW gets to the 7400 level and the other half as it gets to the 7600 level which should be strong resistance.<<< Tom, I agree on the 7400 area. 200 DMA is there (and the pivot is just below that level). Not sure about the 7600 area. I'm looking at 7700 as being the next resistance. >>>Your thoughts please on these levels as being resistance and the likelhood of a retracement to the 6900 level. <<< I think it is very possible. We are still in a bear trend based on my index system. As long as we are in this trend, I believe the possibility is high for a test of supp #1 again (6975.58). Talk to you later.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next