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

To: Patrick Slevin who wrote (30932)12/11/1997 11:33:00 AM
From: Kevin  Read Replies (2) | Respond to of 58727
 
Sounds good Patrick. I actually rounded mine to the even strike. The actual number I have is 950.52

FWIW (which it may only be worth about 2 cents) I calculated an 'extra resistance' @ 949.34
Also, IMO the even strikes (in 10 point increments) always offer a natural support/resistance level.

The combined info above makes me think that we should have a pretty strong base @ 950 (this has also proven to be a decent support in the past several times).

If we get to that level and it appears to be holding, I may use the opp to short puts on INTC (which I hope will get a little closer to $70) and also IBM (which I want closer to $100).

Take care.

Kevin



To: Patrick Slevin who wrote (30932)12/11/1997 11:34:00 AM
From: Nemer  Read Replies (2) | Respond to of 58727
 
level of support for next hour could/should be 458 and 957.

this is a new indicator (only back tested for six months) and not in the 80-85% accuracy catagory but it's in the better than a WAG.......
hopefully..........ggg



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