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Strategies & Market Trends : Tech Stock Options

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To: Nemer who wrote (27543)	10/31/1997 10:08:00 AM
From: Kevin	Read Replies (3) of 58727

Hi Nemer, how are ya? Today's data. SPX--- 949.41 929.81 916.75 piv:910.21 897.15 890.61 871.01 Above 910.50 triggers a bull signal (below 906 is a bear signal). Futures--- 964.20 937.70 920.40 piv:911.20 893.90 884.70 858.20 Above 911.50 is bullish (below 904 is a bearish signal). Took a $6950 loss on my 870 calls this morning. I'm still convinced (at this point) that I should hold positions overnight if the trend is still intact. I didn't take a new position this morning, even though we are currently in a bull trend, because once the market opened the SPZ was already testing res #1...moved without me. It eventually failed at that level. I'm watching closely to see if it is better for me to not trade this system during the first half hour each morning. Sorry if my thoughts sound choppy...just trying to learn from myself and I usually learn alot more from a losing position than from a winning postion. Talk to you later.

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