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Strategies & Market Trends : Why the markets will continue higher... -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (533)	1/18/1998 8:11:00 AM
From: Cage Rattler	Read Replies (1) \| Respond to of 745

GZ: Good morning. Looking at the S&P AP I am left with the impression it could move either way. The down-side reward-to-risk seems a better bet from my perspective. Am I off base? One thing I keep wondering about is the use of charts upon which to project my APs. The daily bar charts vis a vis the daily close. I am using the daily closings; however, I see others using intraday highs and lows for plotting. To me it seems like apples and oranges since we are plotting along a time axis. Initially I believed the difference to be insignificant. Now that does not appear to be the case. Bisecting-line slopes and line bisections are effected significantly -- in my opinion. Which values do you use? Why? Ciao, Ted

To: GROUND ZERO™ who wrote (533)	1/18/1998 7:29:00 PM
From: yard_man	Read Replies (1) \| Respond to of 745

Got started last year with stock options. In one account made up the majority of my losses. Did some covered calling and had some lucky timing on a couple of stocks. Been readin a book by MacMillan. Been wanting to do some spreads, but my discounter doesn't allow that as he would consider that a "naked" sale, even though I explained it to him. Probably need to get another broker -- just haven't gotten around to it. I was looking for a consumer, big cap to short fri. Shorted some CLX. What's your technical read on that one? Seemed like a rather safe bet to participate in the decline of the DOW if it happens. More risky, I guess than shorting SPY and ties up more money than an options play but my calls there haven't been so hot. I'm wanting to get set up at home with one of the mathematical packages and a "feed" to historical data so I can pursue some learning of TA and some other ideas I have for modeling. Bought some EWM on Monday as it looked like a classic V-bottom. Probably should have taken my gain Friday, but it allowed me to average down good. Wish I'd bought twice as much and sold half on Friday. I just "knew" it was going to be a near term bottom when I looked at the chart. When I have time I'm going to try to figiure out your technique. Lately, I've been pretty busy with my day job.