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


To: Kevin who wrote (29778)12/1/1997 12:45:00 PM
From: The Jedi  Read Replies (1) | Respond to of 58727
 
Hi Kevin,

Looks like MSFT and AOL have turned around and are going up, could be interesting plays. I got buy to go long signals on both.

Kiri



To: Kevin who wrote (29778)12/1/1997 12:47:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
okay

becoming more clear

but still not clear enough

if a particular area is STRONG resistance and it is pierced and you say we are headed up from there...why wouldnt it be a buy signal...
you call it a "break out"

Kevin...i have never seen you say the following in terms of a range with the SPZ being about 1 1/2 points:
If you have please point it out to me...but I have never seen it. So I am asking what is prompting you to do this range? What are you seeing that caused the extra data to come into play before the market even opened? Are you saying that it would never have constituted a break out before...if that is true..then wouldnt it be a "buy" signal?

972.60
964.90
959.90
piv:957.20
952.20
949.50
941.80

Break Point:954.90

I'm still in the OEX 465 calls, and today's numbers still confirm the bull trend.

I did several extra calculations which indicate a strong resistance in the SPX @ 962.88
- 964.09 and 963.30 - 964.90 for the SPZ7.
If this area is taken out (on both), I'd consider it a break out and IMO we'd make a
rapid move to res #3.