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

To: Tom Trader who wrote (29240)	11/23/1997 3:19:00 PM
From: MonsieurGonzo	Respond to of 58727

Tom; RE:" matters that are pertinent to my signals..." Understood; thank you for that overview of your trading technique, Tom - I'm sure that many others found it useful as well. It was Judy who suggested a consensus indicator approach to the indices, which makes good sense. The potential benefits of doing this are apparent; it makes maximum use of this medium we are all using, too. I kind of wish there was a way for us to post all of the reads on one WWWeb page, rather than a thread; Perhaps some HTML wizard will be motivated to do something like that. It would have to be updated as the reads evolved, so the task would be formidable - but more powerful and simpler for folks to follow nonetheless. Easier to do with charts or tables rather than interpretations and positions, but do-able nonetheless. The downside is also easy to anticipate. We've got a group of fine index traders/interpreters with human egos and emotions, being closely watched doesn't make things any easier for you/them, and a lot of us are throwing around some serious dinero when we trade. Having a good sense of humour will be important for a consensus approach to be sustained. OK, so the people whom I am following are: Tom Trader - intermediate swings of the OEX/SPX/SP7Z Kevin - shorter term SPX/SP7Z "pivot points" Anolan (Nemer) - very short term OEX resistance and support levels Iqbal Latif - SPX/SP7Z, SOX and TWX (bonds) tactics / fundamentals Donald Sew - T/A of general indices Judy - market interpreter / individual equities ...and recently, having seen what has been evolving, other folks are starting to come out of the background, and may feel confident enough to begin posting their interpretations / trading positions. ____________________________________________________________________ FWIW, here are some of my thoughts. We're makaing a triple top, and will probably spike up in some climactic way. The NAZ is already starting to crumble. MSFT and CSCO/LU will probably peak shortly. I do not know if we will crash again or, simply begin to deteriorate valuations in a downward spiral; Nor do I know if this process will begin before Thanksgiving or shortly thereafter. However, IMHO we will be looking at DJIA 72~7300 as resistance within 45 sessions. I sure hope that I am wrong, amigos! But I'm feeling quite cautious about TechStocks. Maybe, "this is how bottoms are made" (^_^) -Steve

To: Tom Trader who wrote (29240)	11/23/1997 11:20:00 PM
From: kajtek	Respond to of 58727

>"I do not know how profitable it would be to use the signals from my system to trade the OEX or SPX options. My gut tells me that it should work but the complicating factor is the decay of the time premium which is not really a factor when I trade futures" Tom I do not trade futures but I think that the spread between bid and ask in option may eliminate a profit in profitable short term future trading and if one adds the premium decay which may kill the longer term option trade one can assume that option trading will be less profitable than futures trading if both use the same in and out points.