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Strategies & Market Trends : Tech Stock Options

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To: SE who wrote (46711)	6/23/1998 4:09:00 PM
From: Patrick Slevin	Read Replies (2) of 58727

Some indicators are better in different markets. Oscillators, like %R, are only to be used in trending markets for example. TIKI, PREM, certain MAs I find are universal. The Banks are handy right now because of the uncertain interest rate/currency environment. I think the answer is, you have to judge the environment and go to the stuff that works correctly in it. Look at bonds up to a month, 6 weeks ago. The bond held strong and so did the market. Then suddenly there was divergence and the spoo would drop in the face of "flight to safety" (funny term) to a rising bond. You have to adjust to what you see; the environment is never static for extremely long. In brief...if you walked away and came back 6 months from now and thought "well, the bond is going this way and the %R that way so I should buy" based on a snapshot without looking at recent activity you are likely to take a drubbing. Anyway, in the present case of the Banks, the influence is still there I think but the Utilities are covering for the Banks while they struggle with their footing. Currency risk is probably hurting the banks...at least sending confusion into the action there.

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