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


To: ViperChick Secret Agent 006.9 who wrote (31806)12/23/1997 9:38:00 AM
From: Kevin  Respond to of 58727
 
Good morning everyone. I just dropped by to post my numbers in case they are needed.

SPX---
973.19
962.71
958.20
piv:952.23
947.72
941.75
931.27

Break:951.22

Extremely tight neutral zone today.

SPH8---
987.10
974.60
968.70
piv:962.10
956.20
949.60
937.10

Break: 961.65

I'm in OEX calls based on a buy signal yesterday, but will be swift to sell the position today. My two trend indicators (a 3-7 day indicator and a 3-5 week indicator) both triggered bear trends Friday morning just after the open. Since then, we have not closed above Thursdays close (955.30) and I think the market is definitely weak.
JMO.

Good luck to all.

Kevin



To: ViperChick Secret Agent 006.9 who wrote (31806)12/23/1997 9:43:00 AM
From: Kevin  Read Replies (1) | Respond to of 58727
 
BTW, my exit strategy:

(piv + Break) / 2 - .50 point buffer = 951.23 for SPX & 961.38 for the SPH.

Also, I will enter puts when we dip .50 points below BOTH break points today.

Kevin



To: ViperChick Secret Agent 006.9 who wrote (31806)12/23/1997 10:24:00 AM
From: David Weis  Respond to of 58727
 
lisa ----- HTML is the topic -----

yes, I do see, now.