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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (32839)	1/11/1998 11:49:00 PM
From: J.T.	Read Replies (1) of 58727

don, Hang Seng now down 985 (11%) to 7909. This is the point I am trying to make. IT IS ALMOST IMPOSSIBLE TO PICK THE LOW FOR THE DAY. Friday in U.S. market for Dow was another case in point. DOW hit 7600 support and rallied AND 7600 LOOKED LIKE THE LOW FOR THE DAY. It wasn't. It ran back up to 7655 area before putting in another reversal back to test 7600. Then the rug fell out from this support and the market went down to 7527 interday before reversing back up. I understand how your system works, just picking the bottom is almost impossible IMHO. Good luck tomorrow on your trade. JT

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