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

To: Lee Lichterman III who wrote (228)	5/12/2000 7:53:00 AM
From: Jill	Read Replies (1) \| Respond to of 10876

Yes we have a few Piffers here--Poet and Atin, I am also a wannabe Piffer <ggg>. Atin wrote his own program which you can find in his post: Message 13649405 I'm also closely watching NTAP. Chart not so great the last few days: siliconinvestor.com But today might turnaround; everybody expect blowout earnings again Tue, and I hope that might coincide with a relief rally from the FED (no matter what they do at least they're off our backs for a bit). Recently I had bought both ATMS and OTMS (Sept) and traded in and out profitably on the volatility, which ranged from 45-77. Do you follow NTAP at all?

To: Lee Lichterman III who wrote (228)	5/12/2000 8:15:00 AM
From: Poet	Respond to of 10876

Hi L3, Funny you should mention GLW. A bunch of us here love it and have been looking for an entry point. Here's the chart (less sophisticated than yours, but....): siliconinvestor.com I see what you mean by the reversal on high volume and the bounce on the MACD. It may well be a good time to start a position. GLW Aug 180 call (GRJHP) $28 1/2 28 traded yesterday GLW Aug 200 call (GRJHT) $20 1/2 19 traded yesterday GLW 2002 LEAP 180-strike (YGWAP) $65 1/2 40 traded yesterday All of these have large OI (open interest). I wish I knew enough about PnF to be able to answer you, L3. perhaps someone else can be more helpful than I. I like that tweezer bottom on INTC, BTW. siliconinvestor.com For those of you learning candlesticks, look at the last two days on the INTC chart. The second-to last is a long black candle, signifying a significant drop in price on high volume. Immediately following that is a long white candle, meaning a significant rise in price on high volume. This is a cadlestick pattern which often means a reversal of a downtrend.

To: Lee Lichterman III who wrote (228)	5/12/2000 9:05:00 AM
From: Atin	Read Replies (1) \| Respond to of 10876

What I'm seeing is base building and most of my charts are starting to show strength. I was looking thru my whole watchlist and almost everything is at a point where I would think about buying. But PnF charts tell me to wait for actual reversals, I'll get in late in the trend but it'll be more reliable. And this time I want to wait. What charts are you talking about? I looked at GLW and in Piffer land it is still in a downtrend which won't change until it breaks 190 to 192 and then resistance is at 200. Other technicals looks good though. The original point and figure thread is at: Subject 5671 which was the main P&F thread until DWA people started their own. I don't post on the DWA thread (they don't like QPnf mentioned there, or point and figure in intraday intervals) but they do have many very good PnF people there. -Atin