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Strategies & Market Trends : Tech Stock Options

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To: Greg R who wrote (34528)2/1/1998 9:46:00 PM
From: donald sew  Read Replies (2) of 58727
 
Greg,

I took a look at the impathique charts you gave and it really intrigued me.

Before seeing your charts, I had indicated that we would have a short-term downtrend for about 1-3 days starting Friday, but could have started as early as Thursday. This is very similar to your system is also saying. My technicals earlier this weekend indicated that the DOw will exeed the previous peak and head to the 8100 range after this short term downtrend which should end Tuesday. If you noticed from my earlier post I am planning to setup a strangle on my puts tomorrow, latest Tuesday for that reason. I have also a few weeks ago that I raised my trading range from 7350-7850/7900 to 7550-8100. These also are very similar to what your charts are saying.

My feeling is that if systems based on different data and calculations are pointing to similar conclusions - such just intensifies the conclusions.

My system right now does not permit me to project more than 10 days out, with accuracy and confidence.

Please continue to post.

Seeya
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