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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: stun who wrote (35494)10/7/2000 12:34:53 PM
From: stun  Read Replies (3) | Respond to of 56535
 
And like everybody said there would be a post labour day rally, now many are calling for a 3200/ 2800 crapout. The old "hurts more people than not" is almost at a turning point. Everybody is looking for a capitulation fall. So it probably won't happen. TJ's psychology theory looks good at these levels.....and frankly, you can't be too wrong down here anyway, give or take a wee bit.
I am pleased to say that I haven't lost money in the last week, although partially invested. I didn't make anything either! I'm now 60% long, but willing to change my mind on a sixpence (that would be a dime to you lot!)
rgds stun



To: stun who wrote (35494)10/7/2000 3:19:23 PM
From: LTK007  Respond to of 56535
 
>We're due to meet CD next week>stun, that's terrific--regards something to do with Gold/Silver,well let's see could you put on a Gert Frobe mask,and start dancing and singing "Goldfinger the man with the Midas Touch-------" think you can do that, LOL!? i am this weekend checking call candidates,but still not quite ready to position---i am still on a 50/50 chance basis that this could get substantially uglier.let's put it this way,up here,because of the vast amount of forests,we have fire danger levels posted with the weather report--the worst level is Level 5:EXTREME DANGER(which means no campfires,no barbecues--nothing to do with fire is permitted) i see the market entering this week,at Level 5,and thus not a time to play with fire. good luck,though ,to those who play this short or long this week(but unfortunately only one or the other will win--50/50 crap shoot,and i never liked 50/50 odds) Max



To: stun who wrote (35494)10/7/2000 6:51:46 PM
From: Londo  Respond to of 56535
 
LEAPS I believe stands for "Long-term Equity AnticiPation Series."

Essentially all options with expiration dates longer than 9 months out are LEAPS..

My answers might be just a little off - www.cboe.com is unreachable right now. :(



To: stun who wrote (35494)10/7/2000 11:32:25 PM
From: LTK007  Respond to of 56535
 
this put/call ratio deal have a lot of people all set to rush in(Marty Zweig evidently got this attitude running via WSW)---thinking they have the bottom---rydex NASD(OTC) is waited heavy to long side---fund advisors ratio more bulls than bears---mixed signals all about---bull trap,maybe-i will not be the least excited by a rally up except to probably go to a few puts.max