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

To: Heg Heg who wrote (31196)	12/14/1997 11:20:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Heg, in fast markets you're flying blind. You have to rely on your charts more, ie that your stochastic and trend boundaries (supports and resistance areas) will hold. You put in an order expecting the market to run into your buy or sell, once confirmed or even before if you want, you put in your sell order expecting a realistic counter move. When in this environment, and it dosen't happen as frequently now as it used to because of improved trading and response systems, you are essentially swinging for high probability, small moves, during an active session... one which is moving so fast that often when you see the price you want its gone, so you put in an order before it gets there and cross your fingers for luck. Its risky and meant for small money, frequent plays... because you may never see that money again if your estimated boundaries are exceeded. The psychology is different because you might for example buy a put at 3 with an order to sell it, if bought, at 3.4. You don't go for big money or complain if the option races to 8.. Because if it got to 8, it was probably only there for a second and you'd be chasing it with sell orders back down to 2! Got it?

To: Heg Heg who wrote (31196)	12/15/1997 1:55:00 PM
From: donald sew	Read Replies (3) \| Respond to of 58727

INDEX UPDATE ------------------------ Just noticed a technical signal from one of my GUITAR calculations, but of course it needs confirmation. The signal is that today's lows will be the interim low for the short-term (1-5 days). As for beyond the short-term, I have not yet analyzed it today. Of the HiTech indexes, I am still staying with the IIX as I indecated over the weekend. We may even see a pop in the HiTech today, but if not it should be tomorrow. When the NAZ was down 20 points there were actual signals that it was technically breaking-down, and I had mentioned that to some who are contacting me on ICQ, but then there are now signals that the short-term interim bottom has been reached. I am not that bold to say absolutely as others do, but I will state that the probability of turn around from here is high. I am in the XOI's and OSX. Happy trading.