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


To: Kevin who wrote (33266)1/15/1998 11:34:00 AM
From: ViperChick Secret Agent 006.9  Read Replies (3) | Respond to of 58727
 
Kevin you did say everyone and Don was pretty clear on where he stood for the market.

Perhaps camp does what you do when you say down for 3 to 7 days...no target ....just down

however for me that wouldnt be enough to prove validity

I didnt base my purchase on camp..although it gave me reassurance to know he said it as well. The more that are in line with me the more comfortable I feel about my decision for today and tomorrow.

I am always fascinated at things like this....and cant wait to see if it works. Although one time wrong doesnt prove that it isnt valid..just like one time wrong on an entry doesnt prove that your system is wrong..... yes you and I differ on this point..but if we dont continue in a bull trend which is why you bought your calls..then you're entry isnt right....and if the trend is up but you dont sell because your exit isnt fine tuned and then it flips on you and goes back down...your entry is STILL right...

and if the trend is up but your prem is stripped..well i dont know what that means...maybe your entry is right but you need a different index

btw, what do you Fib numbers people really think your system is made up of....LOL



To: Kevin who wrote (33266)1/15/1998 11:55:00 AM
From: Electric  Read Replies (1) | Respond to of 58727
 
Kevin,

Good one, I am watching too, because of the holiday i decided not to get in this Moon, the effect is supposed to last longer and the holiday might break the spell..

How much are telescopes going for anyway?? <ggggg>

E



To: Kevin who wrote (33266)1/15/1998 12:11:00 PM
From: randy kay  Read Replies (1) | Respond to of 58727
 
Kevin >>All I know is if we tank today, I'll go shopping for a telescope tonight<<

I think just a simple set of binoculars should be sufficient. gggggg

Randy



To: Kevin who wrote (33266)1/15/1998 1:28:00 PM
From: Heg Heg  Read Replies (1) | Respond to of 58727
 
Hi Kevin, I wouldn't consider myself a member of the lunatic society but I'm watching it with keen interest.
I have done a bit of testing on the five years of SPX data I have against the full moon and yes, statistically today is the most negative day in the lunatic cycle and Monday (=full moon)was the most positive.

But having put all that work into programming that I went on to think
well, what about other cycles, say for example the option expiry cycle?
This analysis yields that today is a rather positive day, in fact the second most positive day of the option cycle. The most positive day in that cycle was interestingly enough also Monday.

So on Monday we might have had two positives reinforcing each other, while today there could be two opposing trends cancelling each other perhaps partially. We will see.

I would guess that above two are not the only examples of cycles which could be at work. Any more ideas??

Regards

Heg

EDIT: since I don't really have the option expiry dates from five years ago I assumed that the rule (3rd Friday of a month) has remained unchanged over that period. Please tell me someone if that was not correct.



To: Kevin who wrote (33266)1/15/1998 6:29:00 PM
From: Patrick Slevin  Respond to of 58727
 
<We opened at 957.94 today and fell to 951.99 Would a 6 point fall be enough to call the
lunacy theory correct,>

No. Lunatics accept a down day, nothing less. Lunatics would look for bigger losses today because of the insulting gain on Tuesday.

Lunatics get very upset when the market goes up when it is not supposed to. So we are looking for the market to be lower by Tuesday's close because of the unforgivable insult last Tuesday.

By the way I'm outta Thorazine, know where I can get a hit?