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

To: Tom Trader who wrote (31580)	12/19/1997 11:05:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (4) \| Respond to of 58727

Kevins new systems are really bearish as well.... Sorry kiwi....somethings are just too powerful...even for me...

To: Tom Trader who wrote (31580)	12/19/1997 11:34:00 AM
From: randy kay	Read Replies (1) \| Respond to of 58727

Tom - So much for my 7690 and we just came preeeetty darned close to your 7575. Hope we can atleast get a decent close. Randy

To: Tom Trader who wrote (31580)	12/19/1997 12:15:00 PM
From: randy kay	Read Replies (1) \| Respond to of 58727

Tom - I have a pretty good story concerning Jan. option OI levels on INTC, if you're interested, or anyone else for that matter, email me and I'll send it to you. Randy

To: Tom Trader who wrote (31580)	12/19/1997 4:33:00 PM
From: MonsieurGonzo	Respond to of 58727

Tom; RE:" support is at 7575--where the 200 dma... sits " Nice read, Tom - I had OEX 440 as the critical point, turned out to be the same thing. didn't have the moxie to flip there - I thought that MSFT and INTC might crack; that would have changed everything on the main index and driven it down further. I had no feeling for the perceived support of the NDX.X - did you ? Big-time Hammer on the NDX.X today. INTC's weekly candlestick turned out to be a large Doji (where the open and closing prices for the week are essentially the same), indicating "indecision", or a "meeting of opposing forces". Indecision at "tops" usually indicates reversals - the same is true near the bottom of DownTrends. If next week's candlestick for INTC is bullish, it would confirm a change in sentiment. I interpret INTC's Doji as investor-bullz capital meeting the momentum-bearz head-on. Options expiry creates a lot of movements that may or may not be genuine insofar as reading real "sentiment" with candlesticks. But the 'sticks say large-cap NDX.X stocks have found some capital in-flows willing to support them with high volume. Hope you had a nice day, Tom. I bought 20 DAIMM DAI 65 PUTs yesterday for 11/16, and closed them today at 1-13/16 after Daimler-Benz tanked. It occurs to me that, since our markets are influencing others, one might find other ways of anticipating this, and taking positions in select ADR's or Index Futures to capitalize upon this arbitrage effect. Of course, I read a negative news item on the wire yesterday about Benz's newest mini flipping over, so I figured that not only would the DAX go down in sympathy with our DOW, but also that DAI may move close to the 65 strike boundary. This time, I was lucky (^_^) -Steve