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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (30818)12/10/1997 1:24:00 PM
From: Kevin  Read Replies (1) of 58727
 
>>>I feel that for someone who is into day trading you have an excellent opportunity to re-establish your put position as the market retraces today and then exit again as it declines. <<<

Tom two reasons why I won't be entering a new index trade today:
1) based on my system, I can't / won't enter a trade unless we go back to the neutral zone first. This is highly unlikely, so I will have to wait til tomorrow and see where tomorrow's data indicates the neutral zone.

2) I'm juggling 5 projects that I'd like to have done by Friday. I was lucky that the market went my way today, since i really didn't have time to monitor it as closely as I like too. I was also lucky that my sell signal came during lunch when I wasn't doing anything but watching the indices.

Because of both reasons above I will probably just log out of SI for the day. I'm addicted and keep watching the posts, so the best way for me to get work done is to log off of the net.

See ya.
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