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: Tom Trader who wrote (31548)	12/18/1997 8:10:00 PM
From: MonsieurGonzo	Respond to of 58727

Tom; RE:" OEX Premiums relative to SPZ Futures " ...Understood, Tom. Unfortunately, I had enough on my hands trying to gauge the "apex" of the trading day, to follow the SPZ affect on the OEX options' premiums. I suspected that the OEX premiums must be futures-related; which makes it tough when one is trying to simply buy or sell an index at some value, like an equity. Hope you are having success overall -- trading is almost addictive in its own way. I have had a good day, all in all. That's great, Tom - we all enjoy your adventures, and are grateful that you find the time to post what you are doing. I've been almost entirely in cash for some time, and I'm trading with a fraction of my capital. I have been studying indices closely and learning a lot by going back to basics. Perhaps the greatest benefit of doing this has been that I have become aware of many stocks outside the MSFT INTC AMAT DELL QNTM CSCO sphere that I have always focused upon in the past. The major market (INDU SPX/OEX) indices have formed a classical Head-And-Shoulders with a perceived neckline right here, right now. Using a simple line chart of daily closing prices, this support is 454 for the current formation. Before the last crash, this very-similar neckline formation was around ~452.5 (again, closing prices). I am seeing a lot of Evening Star candlestick patterns forming on INDU/OEX components' daily and weekly charts. As the name implies, these candlesticks indicate a change in sentiment found at tops. For the sake of investors, I hope that Donald's "TECHNICAL DOUBLE DIP" and OJ's "bounce on options expiry day" holds true. Personally, however, I feel that we will tank Real Soon Now. -Steve