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


To: j g cordes who wrote (28991)11/20/1997 3:17:00 PM
From: Tom Trader  Read Replies (2) | Respond to of 58727
 
Jim--my decision to establish the trade was based on a combination of factors:

First, the DOW seemed to be stalling at 7835 and the OEX at 922

Second, the bonds were starting to look tentative

Third, my experience is that once I take a 40 point gain on a futures trade, the move is for the most part over

Fourth, I was bored--may be I should have gone and picked a fight on the "Ideas" thread instead:)

I think the 927 level should contain the OEX

Needless to say that within 10 mins of my trade going thru, the DOW took out the 9835 level--funny how that happens, isn't it??