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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (30216)12/4/1997 10:22:00 AM
From: Patrick Slevin  Read Replies (2) of 58727
 
An example of trying to get a feel for PREM

On a 5 minute tick chart PREM has been making lower lows since before 10 EST. TIKI confirms and the TICK level is not extreme.

If I were looking to get long I would wait for extreme negative TICK and some stabilization or bounce in the PREM channel.

It's more than a hunch, but I suppose you are correct in that it cannot be quantified.
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