Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nemer who wrote (30674)	12/9/1997 8:28:00 AM
From: Patrick Slevin	Respond to of 58727

It was coincidental that someone asked the Doctor (his handle is the "OEX Doctor") questions on option pricing and it seemed to answer part of an earlier question...one on manipulating premium in options. So I thought I would pass his response on for whatever it may be worth. They were not my words, he is a CBOE member.

To: Nemer who wrote (30674)	12/9/1997 9:56:00 AM
From: Kevin	Read Replies (1) \| Respond to of 58727

Hi Nemer. Had a little heating problem yesterday. I have forced air heat in my house (gas heat) and the inducer fan went. It was a bit cold in my house Sunday night and Monday morning. All fixed now. Today's data: SPX--- 994.74 988.64 985.50 piv:982.54 979.40 976.44 970.34 Break: 978.26 SPZ7--- 998.7 991.6 988.1 piv:984.50 981 977.40 970.30 Break:980.40 Kevin

To: Nemer who wrote (30674)	12/9/1997 1:35:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 58727

Nemer; RE:" Dynammics of Chien Rouge's Support/Resistance Levels" BTW, very much enjoyed reading your posting yesterday about what an old-time broadcast of a horse race would be like. (^_^) With all the eye candy on the WWWeb, we forget what wonderful images can be conjured up in one's own mind's eye. Thanks. I was curous about what happens to Red Dog's support levels once they are broken, ie., do they then become resistance ? For example, today's numbers are... /478 /477 /474 >(472.49)< 471/ 470/ 466/ ...and as I write this, the OEX is at 469. Would we assume, then, that 471/ and 470/ supports now represent /471 /470 resistance ? Along the same lines of thought, another question is this: are Red Dog's resistance and support levels re-calculated throughout the trading session, since the neural net is plugged in to a realtime quote server - or are the OEX calculations performed like a "batch job", generating one set of numbers after digesting each session's meal of data ? -Steve