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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Seldom_Blue who wrote (5840)	4/1/2000 3:09:00 PM
From: edamo	Read Replies (1) \| Respond to of 8096

seldom.... i pay no attention to intraday indicators as i am not a day trader. i use a slow stochastic and williams for overbought/oversold, momentum and trend reversal. the trend i follow is from overbought to oversold and the subsequent reversal....this trend has no established duration, so i check every morning prior to open...heavy volume can reverse a stock in one session.... the "slow" indicators are highly efficient as they by definition are longer term indicators.... i only set options in "real" stocks with solid fundamentals...so i care not about daily gyrations....the trend is your friend...up or down, as long as you can recognize and follow it....the fundamental knowledge allow intimacy with the underlying, and gives advantage to capture inflated implied volatility when a bogus short term negative "event" drives a price down drastically...much like uis,dell,lu,hwp did last year...