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Strategies & Market Trends : Tech Stock Options
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To: J.T. who wrote (32804)1/11/1998 7:31:00 PM
From: donald sew  Read Replies (2) of 58727
 
JT,

You made a very good comment.

We have one slight advantage and that is the the Asian markets will give us some direction.

If Asia is up and the market is up at the open I will wait for the first dip to get in. If the market runs high, I will then make a decision whether to get in at all depending on the prices; I already positioned myself on Friday just in case.

If Asia is up and the market dips, I will again get in on the first turn upwards.

Granted in all cases the market can always go down, but I will live with my technicals.

If Asia is down and the market dips, I will then wait for the afternoon, in search of the bottom.

When I normally get CLASS 1 buys, the buy-in day is normally a down day or there is at least an intraday dip in negative territory. I try to wait as long as possible, but normally get caught pulling the trigger a bit early. I also normally try to set targets for some directions based on support lines

I will be setting stop-loss positions just in case.

Seeya
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