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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (776)	10/7/1999 2:57:00 PM
From: J.T.	Respond to of 19219

Jorj, IBM is the easy way to go long if employment numbers are bullish tomorrow at these levels now. This would take us back above that 125 intraday level and potentially beyond within 1 week, imho. It is an easy play with good upside. BUT... On this downside, which I am still in play, 109 on an intraday and I will book half my profits and let the other half run the reel to exhaustion - potentially the low 100's as your target area suggests. I could easily hedge and buy some OCT calls here, but I will let the puts run - it is the all or nothing in me. Best Regards, J.T.