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Strategies & Market Trends : Tech Stock Options
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To: j g cordes who wrote (32674)1/9/1998 7:51:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
Actually things will happen Sunday.

Well, unfortunately for me, I just tagged into the TSO thread here and perhaps I should have stayed away but at this point in time nothing is worth reading except this thread so I had to put my 2 cents in.

Anyone who took a position today will watch the markets Sunday and react depending on foriegn markets at that time.

My guess, as I have been saying, is that Friday is down(and it was), Monday is up, Tuesday is down and Thursday is down. Now this has nothing to do with conventional T/A. However what I am trying to say is that we shall know before Monday whether or not one should be short or long depending on Asian Markets before the open Monday.

For Monday, conventional wisdom is to buy the selloff. This is not a 100% winner, but statistically that is the way to bet.....just like today was (statistically) one of the best days to be short.

Of course, betting on statistics will not make you a winner every time.
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