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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?


To: Esteban who wrote (781)11/25/1997 11:10:00 AM
From: MonsieurGonzo  Respond to of 1589
 
Esteban; RE:" Key point here..."

...agreed, amigo mio. Recap of Nemer and Kevin's levels:

NEMER (OEX) /465 /459 /457 (454.65 close) 453/ 449/ 446/

KEVIN (SPX) /987 /969 /958 (951.66 pivot) 940/ 933/ 916/

I'm getting mixed signals; Monthly chart on VLSI says support at 20, so sold VLQMD JAN 20 PUTs @ 2. If I'm "put to", I will be happy to sit on VLSI at an in of ~18. Downside looks like what, ~15 ?

-Steve



To: Esteban who wrote (781)11/25/1997 11:33:00 AM
From: MonsieurGonzo  Read Replies (1) | Respond to of 1589
 
Esteban; RE:" SPY index, by the candlesticks..."

Covered SPY @ 94-7/8, +5/8. I will re-enter if DJIA support at 7745~7755 fails. So far, a formidable support, Esteban. Still holding OEX 440 PUTs. If the DJIA cracks, I'll pull the trigger on everything. Note that we made a Hammer stand at Nemer's OEX 453/ = ~DJIA 7745-7755.

-Steve