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

To: Heg Heg who wrote (29582)	11/26/1997 7:28:00 AM
From: Kevin	Read Replies (1) \| Respond to of 58727

Heg. Neutral is b/t my pivot and break. Bullish is above both. Bearish is below both. I created the break point and hence the neutral zone, so that I wouldn't be entering and exiting dozens of trades on 'false' signals when the index was floating above and below the pivot point (the original formula uses only a pivot point to determine bull / bear signals). Yesterday, my neutral zone was pretty tight, so this still happened (I was out of puts, back into puts, out of puts, then into calls yesterday). I can't help how tight my neutral zone is on certain days...it all comes from the data. See ya.

To: Heg Heg who wrote (29582)	11/26/1997 8:33:00 AM
From: Kevin	Respond to of 58727

Speaking of tight neutral zones, wait until you see my data for today! SPX: 969.52 959.76 955.29 piv:950 945.53 940.24 930.48 Break point is 950.07 (.07 point neutral zone <<<g>>>). Above the pivot and break is bullsih (our current status). Below the pivot and break is bearish. SPZ7: 973.90 962.90 957.30 piv:951.90 946.30 940.90 929.90 Break point is 953.47. Again our current status is that we're above both the pivot and break so we are in a bullish trend. GDP just came in @ 3.3%. I read estimates of 3.5%-3.6% so this should be a positive surprise. Jobless number came in stronger than expected, but I don't think the will negate the impact of the good GDP report. Durable Goods @ 10:00 this morning. Good luck!