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

To: Oral Roberts who wrote (2464)	4/28/2002 9:37:57 AM
From: Oral Roberts	Read Replies (3) \| Respond to of 6346

In trying to come up with my plan for next week I am concentrating on the S&P since I am short that. Both the piff and candle chart are in agreement with us being at a triple bottom point. Printing 1070 would break that and I believe that will happen. Next support would also be a triple bottom in the 1055/60 area. With the selling conviction at the close on Friday my thinking is 55/60 is the best chance for a bounce and will be the area I will be very quick to sell my puts. On the candle the RSI is getting to a point where we have reversed in the past. So best plan will be sell the puts and buy calls off a bounce at around 60. Question of the month will be how much of a rally will we get? stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G