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Strategies & Market Trends : Tech Stock Options

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To: Heg Heg who wrote (33988)	1/24/1998 10:06:00 AM
From: Patrick Slevin	Read Replies (1) of 58727

Colourful Thoughts. You must be in Europe. The Netherlands? In the US words like harbour and colour are spelled without the "u". Yes, they are never the same day of the week but it's a fixed cycle. Over a long period of time I would imagine that they would "migrate". At least for the purposes of this system any given day has a predetermined color. That's one of the reasons this system is entirely different from other techniques. It's an effort to predict at what time during the day turn should occur based on the pattern. For example yesterday I posted somewhere I was was going to short after the first 1/2 hour which I did. Camp said 8:55CT or 9:10 CT. The best time was around 8:55 but my 9 o'clock was pretty good. I shorted the S&P at market when it was 972.10 but it started to move quickly and I got a fill at 971.10. He said the lows should be 11:50, 12:05, 12:15, or 12:20. It was somewhere around 12:05 it did bounce off 955.00 and around 12:30 my stop at 959.50 was taken out. It turned out to appear to be a well-placed stop as the move was ballistic as soon as it went thru. It touched there twice then shot straight to 961 or so. Although he prefers to pick the time to get out I just use trailing stops. I guess if I were trading options the exit times would be good to know. So anyway, when looking at normal charts one tries to predict which way and how far something will go. With this one tries to predict which way and at what time. I suppose a case could be made that one is no less witchcraft than the other. He sees it as Denver. Here's an example where 2 people using the same method disagree. Although I like Denver (and the point spread), using his system I don't see it. Anyway I may have a chance to ask him in February. I just received an invitation to a seminar there and I really do like Palm Beach so what the heck.

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