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


To: Michael Rich who wrote (33889)1/22/1998 10:44:00 PM
From: J.T.  Respond to of 58727
 
Hi Michael,I 've been good thanks. RE NDX: has potential to run roughly another 30 points to 1060 area, but I don't think its going to eclipse previous descending high of 1082 area on a close. If it does I would get convinced. But I need at least two closes back to back on good volume above this area. Since I don't follow MF I can't comment on this indicator re the individual issues. I am still not convinced on INTC. I believe it may have to go test support area either side of 70 one last time. We will soon see. MSFT is strong but needs to break thru this 141 area. Just seems like some overhead supply everytime we get to this 139 -142 area. CSCO's chart looks real nice going back to March. I would tighten stops up to 52 1/2 area. On the other hand, this thing could fly once she can break out of 60 area on a close. Later. JT



To: Michael Rich who wrote (33889)3/25/1998 4:04:00 PM
From: Tom Trader  Read Replies (2) | Respond to of 58727
 
Hi Michael, thanks for your message--will respond to it later

I got back from the East Coast yesterday

A sell signal was triggered on the June S&P futures earlier today around the 1112 area -- a little below where it is at right now. However, based on my system--I did NOT go short the market because the momentum on the upside was so strong that the it is likely that, from a trading stand-point, any pull-back will be followed by higher prices. I will take the next buy signal and thereafter, unless the momentum on the upside continues its torrid pace, I will go short the futures when I receive a sell signal that follows the next buy signal. Just the way the system works -- obviously, there is no assurance that things will play out according to the above script.

Hope that you are doing well--I have been busy with other things but am getting ready to start trading again.

My regards to you